Itxa/664/2017 Of Pr. Commissioner Of Income Tax, Central-4 v. M/S. Lotus Energy (India) Ltd
High Court
06 Dec 2018 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/664/2017 Of Pr. Commissioner Of Income Tax, Central-4 v. M/S. Lotus Energy (India) Ltd
Date of order
06 Dec 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/664/2017 Of Pr. Commissioner Of Income Tax, Central-4 v. M/S. Lotus Energy (India) Ltd, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.Accordingly, both the appeals are dismissed as not pressed.
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 BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.664 OF 2017
Pr.Commissioner of Income Tax-Central-4
… Appellant
V/s.
M/s Lotus Energy (India) Ltd.… Respondent
WITH INCOME TAX APPEAL NO.972 OF 2017
Pr.Commissioner of Income Tax, Central-2.… Appellant
V/s.M/s Vijaydeep Hotels Pvt. Ltd.
… Respondent
---
Ms. Padma Divakar for the Appellants in both the appeals.---
CORAM : AKIL KURESHI AND M.S.SANKLECHA, JJ.
DATE : DECEMBER 06, 2018.
P.C.:-
1.Both the appeals under Section 260-A of the Income Tax Act,
1961 (the Act) challenge the orders passed by the Income TaxAppellate Tribunal (the Tribunal).
2.Ms.Padma Divakar, learned Counsel appearing for the
Priya Soparkar
2 68 itxa 664-17 n 75 itxa 972-17-o
Revenue states that she has been instructed not to press theseappeals. This for the reason that the tax effect in each of theseappeals is less than Rs.50 lakhs as provided in CBDT Circular No.3
of 2018 dated 11[th] July, 2018.
3.Accordingly, both the appeals are dismissed as not pressed.
4.Refund of Court Fees, as per Rules.
(M.S.SANKLECHA,J.)
(AKIL KURESHI,J.)
….
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