Itxa/679/2016 Of Principal Commissioner Of Income Tax-10 v. Marks Shipping Pvt Ltd
High Court
27 Nov 2018 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/679/2016 Of Principal Commissioner Of Income Tax-10 v. Marks Shipping Pvt Ltd
Date of order
27 Nov 2018
Assessment year(s)
2005-06
Outcome
Dismissed
Case summary
In Itxa/679/2016 Of Principal Commissioner Of Income Tax-10 v. Marks Shipping Pvt Ltd, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.Accordingly, the appeal is dismissed as not pressed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 679 OF 2016
The Pr. Commissioner of Income Tax-10
.. Appellant
v/s.
Marks Shipping Pvt. Ltd.
.. Respondent
Mr. Arvind Pinto for the appellant None for the respondent
CORAM : AKIL KURESHI &
M.S. SANKLECHA, J.J.
P.C.
DATED : 27[th] NOVEMBER, 2018.
1.This appeal under Section 260A of the Income Tax Act, 1961challenges the order dated 22[nd] July, 2015 passed by the Income TaxAppellate Tribunal. The impugned order dated 22[nd] July, 2015 is acommon order relating to Assessment Years 2005-06, 2006-07, 2007-08and 2008-09. This appeal relates to Assessment Year 2005-06.
2.Mr. Pinto, learned Counsel appearing in support of the appealstates that the tax effect in each of the appeals disposed of by thecommon impunged order is less than Rs.50 lakhs. Further he has beeninstructed not to press this appeal. This for the reason that the tax
effect in this appeal is less than Rs.50 lakhs as provided in CBDTCircular No.3/2008 dated 11[th] July, 2018.
3.Accordingly, the appeal is dismissed as not pressed.
4.Refund of Court Fees as per Rules.
(M.S. SANKLECHA, J.)
(AKIL KURESHI, J.)
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