Itxa/4002/2010 Of Commissioner Of Income Tax v. M/S.vitessee Trading Co. Ltd
High Court
10 Apr 2007 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/4002/2010 Of Commissioner Of Income Tax v. M/S.vitessee Trading Co. Ltd
Date of order
10 Apr 2007
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/4002/2010 Of Commissioner Of Income Tax v. M/S.vitessee Trading Co. Ltd, the High Court (2007) dismissed the appeal. The decision went in favour of the assessee.
Decision: As the Tax effect is less than Rs.4,00,000/-, weare not inclined to entertain the above Appeal.Hence, the Appeal stands dismissed.
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 JURISDICTIONINCOME TAX APPEAL (L) NO.1122 OF 2003
The Commisioner of Income Tax..AppellantVs.M/s.Vitessee Trading Co. Ltd...RespondentNone for the parties.
CORAM :- DR.S.RADHAKRISHNAN &V.C.DAGA, JJ.DATE : 10TH APRIL, 2007P.C..In view of the Circular issued by theGovernment of India, Ministry of Finance, Departmentof Revenue, CBDT, dated 24th October,2005, themonetary limit is fixed at Rs.4,00,000/- with regardto the Appeal under Section 260 A of the Income TaxAct. As the Tax effect is less than Rs.4,00,000/-, weare not inclined to entertain the above Appeal.Hence, the Appeal stands dismissed.
(V.C.DAGA,J.)
(DR.S.RADHAKRISHNAN,J.)
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