In Itxa/72/2006 Of The Commissioner Of Income-Tax-I,Thane v. Shri Chandrakant D. Gosar, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: As the tax effect is less than Rs.4 lakhs, the appeal is dismissed in view of the judgment in the case of CIT V/s.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.72 OF 2006
The Commissioner of Income Tax
..Appellant.
V/s.
Shri Chandrakant D. Gosar
..Respondent.
Mr. S.K. Bhatnagar with N.R. Prajapati for appellant.
Mr. Sujeeth S. Karkar i/b. Ajay for respondent.
CORAM : DR. D.Y.CHANDRACHUD AND J.P.DEVADHAR, JJ.
DATED : 11TH JANUARY, 2010
P.C. :-
Heard learned counsel for the revenue. As the tax effect is less
than Rs.4 lakhs, the appeal is dismissed in view of the judgment in the case of CIT V/s. Camco Colour Co. [(2002) 254 I.T.R. 565].
(J.P.DEVADHAR, J.) (DR. D.Y.CHANDRACHUD, J.)
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