In Itxa/399/2013 Of The Commissioner Of Income Tax - 5 v. M/S. Storewell Credits And Capital Pvt.ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.Be that as it may, the appeal is being dismissed on account of non-prosecution.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 399 OF 2013
Commissioner of Income Tax-5
.. Appellant
v/s.
M/s. Storewell Credits & Capital Pvt. Ltd. .. Respondent
None for the appellant Mr. Kalpesh Turalkar i/b Aarti Sathe for the respondent
P.C.
CORAM : M.S. SANKLECHA & A.K. MENON, J.J.
DATED : 14[th] DECEMBER, 2016.
1.None appears for the appellant Revenue in support of this appeal. It appears that the appellant Revenue is not interested in prosecuting the present appeal. This possibly for the reason that the
tax effect involved in the present appeal appears to be less than the threshold limit of Rs.20 lakhs as provided in CBDT circular being Circular No. 21 of 2015 dated 10[th] December, 2015.
2.Be that as it may, the appeal is being dismissed on account of non-prosecution.
(A.K. MENON, J.)
(M.S. SANKLECHA, J.)
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