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Itxa/422/2006 Of The Commissionr Of Income-Tax-24,Mum v. M/S Nova Impax

High Court 12 Jan 2016 In favour of: Assessee

Forum / Bench

High Court · newos

Parties

Date of order

12 Jan 2016

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Itxa/422/2006 Of The Commissionr Of Income-Tax-24,Mum v. M/S Nova Impax, 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Decision: 2.Accordingly, the appeal is dismissed as withdrawn.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. 422 OF 2006 The Commissioner of Income Tax-24(2)Mumbai v/s. M/s. Nova Impex .. Appellant .. Respondent Mr. Arvind Pinto for the appellant Mr. Rakesh Kumar i/b Legal Vision for the respondent P.C. CORAM : M.S. SANKLECHA & B.P. COLABAWALLA, J.J. DATED : 12[th] JANUARY, 2016. 1.This appeal relates to Assessment Year 1994-95. Mr. Pinto, 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.59,998/-. 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of the Tribunal before this Court, he does not press the present appeal. 2.Accordingly, the appeal is dismissed as withdrawn.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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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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