In Mc/503/2011 Of Commissioner Of Income Tax v. Smti Jai Rani, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
MC 503/2011
BEFOREHON’BLE THE CHIEF JUSTICE MR. MADAN B. LOKURHON’BLE MR. JUSTICE AK GOSWAMI
Delay condoned.
Learned counsel for the Revenue fairly states that the tax effect of the case is‘2,54,297.00 which is well below the limit for filing an appeal under Section 260-A of the Income Tax Act in terms of CBDT Instruction No.5/2008 dated 15.5.2008.
In the circumstances, we do not see any reason to entertain this appeal.Dismissed.
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