In Itxa/5617/2010 Of The Commissioner Of Income Tax -5 Mumbai v. Akta Rel Estate Pvt. Ltd, the High Court (2011) allowed the appeal. The decision went in favour of the Revenue.
Decision: The appeal is allowed to be withdrawn with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.5617 OF 2010
The Commissioner of Income Tax-5, Mumbai
..Appellant.
V/s.M/s. Akta Rea Estate Pvt. Ltd.
..Respondent.
Mr. Suresh Kumar for the appellant.Mr. K.B. Bhujale for the respondent.
CORAM : J.P. DEVADHAR AND K.K. TATED, JJ.
DATED : 17TH OCTOBER, 2011
P.C. :-
1.Counsel for the revenue seeks to withdraw the appeal as the tax effect is less than Rs.4 lakhs. The appeal is allowed to be withdrawn with no order as to costs.
2.Refund of Court fees as per rules is granted.
(K.K. TATED, J.)
(J.P. DEVADHAR, J.)
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