Itxa/932/2008 Of The Commissioner Of Income Tax - 17, Mumbai v. M/S Sagar Finance And Investment Corporation
High Court
13 Aug 2018 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/932/2008 Of The Commissioner Of Income Tax - 17, Mumbai v. M/S Sagar Finance And Investment Corporation
Date of order
13 Aug 2018
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itxa/932/2008 Of The Commissioner Of Income Tax - 17, Mumbai v. M/S Sagar Finance And Investment Corporation, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Issue: Suresh Kumar, Learned Counsel appearing for the Revenue states that inspite of bestefforts, no instructions are forthcoming from the Revenue, whether to prosecute this Appeal or withdraw it in view of the tax effect being less than Rs.50 lakhs.
Decision: In the above view, the Appeal is dismissed for non-prosecution.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Rane
ITXA-932-200813.8.2018
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 932 OF 2008
The Commissioner of Income-Tax-17,Mumbai
V/s.
M/s. Sagar Finance and InvestmentCorporation
...Appellant
...Respondent
* * * * * *
Mr. Suresh Kumar, Advocate for the appellant.
Mr. Ashok Patil I/by. Aasifa Khan, Advocate for therespondent.
Coram : M.S. Sanklecha, &
Sandeep K. Shinde, JJ.
Monday, 13th August, 2018.
P.C. :
1. On 26th July, 2018 this Appeal was adjourned to
9th August, 2018 for receiving instructions. On 9thAugust, 2018 Revenue again sought time and the appealwas kept under the caption of 'withdrawal' for today.
Rane
2/2
ITXA-932-2008
13.8.2018
2.
Today, Mr. Suresh Kumar, Learned Counsel
appearing for the Revenue states that inspite of bestefforts, no instructions are forthcoming from the Revenue,
whether to prosecute this Appeal or withdraw it in view of
the tax effect being less than Rs.50 lakhs. In the above
view, the Appeal is dismissed for non-prosecution.
(SANDEEP K. SHINDE, J)
(M.S. SANKLECHA, J)
NeetaShaileshSawant
Digitally signedby NeetaShailesh SawantDate: 2018.08.1412:10:55 +0530
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