Principal Commissioner Of Income Tax 5 v. Amitkumar Ambalal(Huf
High Court
31 Jul 2018 In favour of: Assessee
Forum / Bench
High Court · gujarathc
Parties
Principal Commissioner Of Income Tax 5 v. Amitkumar Ambalal(Huf
Date of order
31 Jul 2018
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Principal Commissioner Of Income Tax 5 v. Amitkumar Ambalal(Huf, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: Under the circumstances, on the aforesaid ground alone, present Tax 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 GUJARAT AT AHMEDABADR/TAX APPEAL NO. 969 of 2018
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PRINCIPAL COMMISSIONER OF INCOME TAX 5VersusAMITKUMAR AMBALAL(HUF)
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Appearance:
MRS MAUNA M BHATT(174) for the APPELLANT(s) No. 1MR B S SOPARKAR(6851) for the RESPONDENT(s) No. 1======================================
CORAM: HONOURABLE MR.JUSTICE M.R. SHAHandHONOURABLE MR.JUSTICE A.Y. KOGJE
Date : 31/07/2018ORAL ORDER (PER : HONOURABLE MR.JUSTICE M.R. SHAH)
As the tax effect involved in the present Tax Appeal is less than Rs.50 lacs, considering the recent Circular issued by the CBDT dated 11/07/2018, being Circular No.3/2018, Mrs Mauna Bhatt, learned Advocate appearing on behalf of the revenue does not press the present Tax Appeal. Under the circumstances, on the aforesaid ground alone, present Tax Appeal is dismissed as not pressed. However, liberty is reserved in favour of the revenue to revive the Appeal by filing a note.
(M.R. SHAH, J.)
(A.Y. KOGJE, J.)
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