In Pr. Commissioner Of Income Tax - Valsad v. M/S. Lantech Technologies, 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1525 OF 2016
Pr. Commissioner of Income Tax - Valsad: Appellant
versusM/s. Lantech Technologies : Respondent
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Mr. Vipul Bajpayee for the Appellant.
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CORAM : AKIL KURESHI &
M.S.SANKLECHA, JJ.
DATE : FEBRUARY 27, 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 TaxAppellate Tribunal.
2.The learned counsel appearing in support of the appeal, states that hehas been instructed to withdraw this appeal. This is for the reason that the tax
effect involved in this appeal is less than the threshold limit of Rs. 50 Lacs asprovided 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.
[ M.S.SANKLECHA,J.]
[ AKIL KURESHI, J ]
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