Itxa/37/2007 Of The Commissionr Of Income-Tax-I,Kolhapur v. Shri Shiv Shakti Urban Co-Op Credit Society Ltd
High Court
12 Jan 2016 In favour of: Assessee
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Parties
Itxa/37/2007 Of The Commissionr Of Income-Tax-I,Kolhapur v. Shri Shiv Shakti Urban Co-Op Credit Society Ltd
Date of order
12 Jan 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/37/2007 Of The Commissionr Of Income-Tax-I,Kolhapur v. Shri Shiv Shakti Urban Co-Op Credit Society Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.Accordingly, the appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 37 OF 2007
The Commissioner of Income Tax-I .. Appellant Kolhapur
v/s.
Shri Shiv Shakti Urban Co-op. Credit Society Ltd. .. Respondent
Mr. Suresh Kumar for the appellant None for respondent
P.C.
CORAM : M.S. SANKLECHA & B.P. COLABAWALLA, J.J.
DATED : 12[th] JANUARY, 2016.
1.This appeal relates to Assessment Year 1995-96. Mr. Suresh Kumar, learned Counsel for the Revenue states that the tax effect involved in the present appeal as indicated in para 10 of the Appeal Memo is Rs.1.35 lakhs. He further states that in view of the Central Board of Direct Tax Circular No.21/15 dated 10[th] December 2015, the tax effect being less than the threshold limits provided therein for challenging an order of the Tribunal before this Court, he does not press the present appeal.
2.Accordingly, the appeal is dismissed as withdrawn. Refund of Court fees as per Rules.
(B.P. COLABAWALLA, J.)
(M.S. SANKLECHA, J.)
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