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Principal Commissioner Of Income Tax v. Shrinath Corporation, 1756, Telipara, Chaura Rasta, Jaipur

High Court 08 Oct 2024 In favour of: Assessee

Forum / Bench

High Court · jaipur

Parties

Date of order

08 Oct 2024

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Principal Commissioner Of Income Tax v. Shrinath Corporation, 1756, Telipara, Chaura Rasta, Jaipur, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the present Income Tax Appeal is dismissed aswithdrawn.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

HIGH COURT OF JUDICATURE FOR RAJASTHAN BENCH AT JAIPUR D.B. Income Tax Appeal No. 68/2024 Principal Commissioner of Income Tax-1, Income TaxDepartment, New Central Revenue Building, Bhagwan DassRoad, Statue Circle, Jaipur, Rajasthan. ----Appellant Versus Shrinath Corporation, 1756, Telipara, Chaura Rasta, Jaipur. ----Respondent For Appellant(s) : Mr. Anuroop SinghiFor Respondent(s): Mr. Siddharth Ranka along with Ms. Satvika Jha &Ms. Apeksha Bapna HON'BLE MR. JUSTICE PANKAJ BHANDARI HON'BLE MR. JUSTICE PRAVEER BHATNAGAR Order 08/10/2024 Counsel appearing for the appellant does not want to pressthe present Income Tax Appeal as the tax effect involved in thematter is less than Rs.2 crore as provided in Circular No. 09/2024issued by Government of India, Ministry of Finance dated17.09.2024. Accordingly, the present Income Tax Appeal is dismissed aswithdrawn. It is made clear that in view of withdrawal of the Income TaxAppeal, no substantial question is being decided. (PRAVEER BHATNAGAR),J (PANKAJ BHANDARI),J AMIT/23

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