In Itxa/3646/2009 Of The Commissisoner Of Income-Tax-Ii,Thane v. Shri Ashok G Nair, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is dismissed as withdraw.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
AGK IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.1878 OF 2007
The Commissioner of Income-
Tax - III, Mumbai ..Appellant.
V/s.
Ashok G. Nair ..Respondent.
Mr.P.S. Sahadevan for the appellant.
None for the respondent.
CORAM : V.C. DAGA &
J.P. DEVADHAR, JJ.
DATED : 7TH MAY, 2009.
P.C. :
1. Since the tax effect is less than Rs.4 lakh
and in view of Office Memorandum dated 5-6-2007
issued by the C.B.D.T. and judgments of this Court
in CIT V/s. Camco Colour Co (2002) 254 ITR 565 and
CIT Pithwa Engg. Works (2005) 276 ITR 519, the
learned counsel for the revenue seeks leave to
withdraw the appeal. The appeal is dismissed as
withdraw. Refund of Court fee as per rules.
(V.C. Daga, J.)
(J.P. Devadhar, J.)
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