Itxa/6876/2010 Of The Commissioner Of Income Tax - 4 Mumbai v. Alka Securities Ltd
High Court
17 Jun 2016 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/6876/2010 Of The Commissioner Of Income Tax - 4 Mumbai v. Alka Securities Ltd
Date of order
17 Jun 2016
Assessment year(s)
2006-07
Outcome
Dismissed
Case summary
In Itxa/6876/2010 Of The Commissioner Of Income Tax - 4 Mumbai v. Alka Securities Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.The appeal is dismissed for non-prosecution.
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.6876 OF 2010
The Commissioner of Income Tax-4Mumbai
.. Appellant
v/s.
M/s. Alka Securities Ltd.
.. Respondent
None for the appellant
CORAM : M.S. SANKLECHA & M.S. SONAK, J.J.
DATED : 17[th] JUNE, 2016.
P.C.
1.This appeal relates to Assessment Year 2006-07.
2.None appears in support of the appeal. It appears that the Revenue is not interested in pursuing this appeal. Moreover, we notice that in para 10 of the Appeal Memo, the tax effect is less than Rs.20 lakhs. Therefore, prima facie the Central Board of Direct Tax Circular No.21/15 dated 10[th] December, 2015, could be the reason for not pursuing this appeal.
3.The appeal is dismissed for non-prosecution.
(M.S. SONAK, J.)
(M.S. SANKLECHA, J.)
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