Itxa/974/2008 Of The Commissioner Of Income Tax -8, Mumbai v. M/S Sudhanva Investment And Trading Co. Ltd. , Mumbai
High Court
13 Aug 2018 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/974/2008 Of The Commissioner Of Income Tax -8, Mumbai v. M/S Sudhanva Investment And Trading Co. Ltd. , Mumbai
Date of order
13 Aug 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/974/2008 Of The Commissioner Of Income Tax -8, Mumbai v. M/S Sudhanva Investment And Trading Co. Ltd. , Mumbai, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, Appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
Rane
13.8.2018
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 974 OF 2008
The Commissioner of Income-Tax-8,Mumbai….Appellant
V/s.
M/s. Sudhanva Investment and Trading Co. Ltd., Mumbai….Respondent
* * * * *
Mr. Suresh Kumar, Advocate for the appellant.
Mr. Rajesh Poojary I/by. MINT & CONFERERES, Advocatefor the respondent.
Coram : M.S. Sanklecha, &
Sandeep K. Shinde, JJ.
Monday, 13th August, 2018.
P.C. :
1. This Appeal relates to Assessment Year 2003-
04.
2.
Mr. Suresh Kumar, Learned Counsel appearing
for the Revenue invited our attention to Circular No.3 of
2/2ITXA—974-2008 (SR.38)13.8.2018
2018 dated 11[th] July, 2018 issued by the Central Board forDirect Tax (CBDT). The above Circular directs the Officersof the Revenue not to file appeals to the High Court wherethe tax effect does not exceed Rs.50 lakhs. It also directs its
Officers to withdraw/not press its pending appeals wherethe tax effect is less than Rs.50 lakhs. This, of course, if itdoes not fall in the excluded class of appeals listed therein.
3. In view of the Circular No.3 of 2018 dated 11[th]July, 2018 issued by the CBDT, Mr. Suresh Kumar LearnedCounsel appearing for the Revenue, on instructions of Mr.Godwin Serrao, Deputy Commissioner of Income-Tax, seeksto withdraw this Appeal.
4.
Accordingly, Appeal is dismissed as withdrawn.
5.
Refund of court-fees as per Rules.
(SANDEEP K. SHINDE, J)
(M.S. SANKLECHA, J)
Digitally signedNeetaby NeetaShaileshShailesh SawantDate:Sawant2018.08.1412:06:30 +0530
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue