In Pr. Commissioner Of Income Tax-4 v. M/S Svg Fashions Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3In 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.
dik
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO.O.C.J.
INCOME TAX APPEAL NO. 1165 OF 2017
Pr. Commissioner of Income Tax-4 vsM/s SVG Fashions Ltd.
...Appellant
...Respondent.
.....
Ms Padma Divakar for the Appellant. Mr P.C.Tripathi for the Respondent.
.....
CORAM : AKIL KURESHI &
B.P.COLABAWALLA, JJ.
DATE:FEBRUARY 07, 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 passedby the Income Tax Appellate Tribunal.
2Learned counsel appearing in support of the appeal states
that she has been instructed to withdraw this appeal. This is for thereason that the tax effect involved in this appeal is less than thethreshold limit of Rs.50 Lacs as provided in CBDT Circular No. 3 of2018 dated 11.7.2018.
3In view of the above submission, the appeal is dismissed
as not pressed.
4Refund of court fees as per rules.
(B.P.COLABAWALLA, J.) (AKIL KURESHI, J. )
Pg 1 of 1
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