In Pr. Commissioner Of Income Tax 24 v. M/S. Innovative Metals Arts..respodent, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.In view of the above submission, the appeal is dismissed as not pressed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO.O.C.J.INCOME TAX APPEAL NO. 478 OF 2017
Pr. Commissioner of Income Tax 24
..Appellant
Versus
M/s. Innovative Metals Arts..Respodent
...................
Mr. Sham Walve for the Appellant Mr. Sham Walve for the Appellant
Mr. Sameer Dalal for the RespondentMr. Sameer Dalal for the Respondent
...................
CORAM : AKIL KURESHI &
SARANG V. KOTWAL, JJ.
DATE : APRIL 4, 2019.
P.C.:
1.This Appeal under Section 260A of the Income Tax Act, 1961 (“the Act” for
short) has been filed challenging the order passed by the Income Tax AppellateTribunal.
2.The learned counsel appearing in support of the appeal, states that he has
been instructed to withdraw this appeal. This is for the reason that the tax effectinvolved in this appeal is less than the threshold limit of Rs. 50 Lacs as provided in
CBDT Circular No. 3 of 2018 dated 11.7.2018.
3.In view of the above submission, the appeal is dismissed as not pressed.
4.Refund of court fees as per rules.
[ SARANG V. KOTWAL, J. ] [ AKIL KURESHI, J ]
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