In Itxa/4188/2009 Of The Commissioner Of Income Tax -Ii v. Bhoir Imports And Exports Pvt. Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Works (2005) 276 ITR 519, both the appeals are dismissed.
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.1840 OF 2007
AND
INCOME TAX APPEAL (L) NO.1841 OF 2007
The Commissioner of Income-
tax - II, Thane ..Appellant.
V/s.
Bhoir Imports & Exports
Private Limited ..Respondent.
Mr.P.S. Sahadevan i/by Mr.N.R. Prajapati 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, both
the appeals are dismissed. No order as to costs.
(V.C. Daga, J.)
(J.P. Devadhar, J.)
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