In Principal Commissioner Of Income-Tax-3 v. Nandan Exim Limited, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: Tax Appeal is therefore, dismissed only on this ground.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
C/TAXAP/884/2016 ORDER
IN THE HIGH COURT OF GUJARAT AT AHMEDABADR/TAX APPEAL NO. 884 of 2016
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PRINCIPAL COMMISSIONER OF INCOME-TAX-3VersusNANDAN EXIM LIMITED
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Appearance:MRS MAUNA M BHATT(174) for the PETITIONER(s) No. 1MR VIJAY S RANJAN(6126) for the RESPONDENT(s) No. 1
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CORAM: HONOURABLE MR.JUSTICE AKIL KURESHIandHONOURABLE MR.JUSTICE B.N. KARIA
Date : 29/08/2018
ORAL ORDER
(PER : HONOURABLE MR.JUSTICE AKIL KURESHI)
We are informed that the tax effect involved in this appeal filed by the Revenue is below the minimum threshold prescribed by CBDT in its latest circular dated 11.7.2018 to enable the Revenue to maintain appeals before the High Court. Tax Appeal is therefore, dismissed only on this ground.
(AKIL KURESHI, J)
K.K. SAIYED
(B.N. KARIA, J)
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