In Pr. Commissioner Of Income Tax -1 v. M/S. Shree Aditya Finwealth Pvt Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: In that view of the matter, the appeal is dismissed onthe ground of law tax effect. [ S.J.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
(Private Secretary)
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO.O.C.J.INCOME TAX APPEAL NO. 473 OF 2017
Pr. Commissioner of Income Tax -1
Versus
..Appellant
M/s. Shree Aditya Finwealth Pvt Ltd
..Respondent
...................
Mr. Suresh Kumar for the Appellant Mr. Jitendra Singh for the Respondent
...................
CORAM : AKIL KURESHI &
S.J. KATHAWALLA, JJ.
DATE : JUNE 10, 2019.
P.C.:
1.In this appeal filed by the Revenue, we notice that thetax effect is less than threshold limit of Rs. 50 Lacs asprovided in CBDT Circular No. 3 of 2018 dated 11.7.2018 toenable the Revenue to maintain appeal before the HighCourt. In that view of the matter, the appeal is dismissed onthe ground of law tax effect.
[ S.J. KATHAWALLA, J. ] [ AKIL KURESHI, J ]
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