In Nma/1313/2004 Of Commissioner Of Income Tax City-7, Mumbai v. M/S. Vitesse Trading Ltd, the High Court (2007) allowed the appeal. The decision went in favour of the Revenue.
Decision: Appeal is allowed to be withdrawn and dismissedas such.3.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONNOTICE OF MOTION NO.1312 OF 2004ININCOME TAX APPEAL (L) NO.449 of 2004The Commissioner of Income Tax.. AppellantMumbai City-7.vsM/s Vitesse Trading Ltd..RespondentMr.A.Kotangale i.b Mr.Pankaj Kapoor forAppellant in support of Notice of MotionNone for RespondentCORAM : DR.S.RADHAKRISHNAN &V.C.DAGA, JJDATE : 5th June, 2007P.C.1. Heard learned counsel for the appellant. Thelearned counsel for the appellantseeks leave towithdraw the above appeal as the tax liabilityinvolved in the above is less than Rs.4,00,000/-.2. Appeal is allowed to be withdrawn and dismissedas such.3. Permissible court fees be refunded to theappellant as per rules.(V.C.Daga, J)(Dr.S.Radhakrishnan, J)
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