Principal Commissoner Of Income Tax 1 v. Asian Tubes Ltd
High Court
23 Jul 2018 In favour of: Assessee
Forum / Bench
High Court · gujarathc
Parties
Principal Commissoner Of Income Tax 1 v. Asian Tubes Ltd
Date of order
23 Jul 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Principal Commissoner Of Income Tax 1 v. Asian Tubes Ltd, 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.
The order — as passed by the High Court
IN THE HIGH COURT OF GUJARAT AT AHMEDABADR/TAX APPEAL NO. 885 of 2018
======================================
PRINCIPAL COMMISSONER OF INCOME TAX 1
VersusASIAN TUBES LTD
======================================
Appearance:
MRS MAUNA M BHATT(174) for the APPELLANT(s) No. 1MR SUDHIR M MEHTA(2058) for the RESPONDENT(s) No. 1MS SHAILEE S MEHTA(5873) for the RESPONDENT(s) No. 1======================================
CORAM: HONOURABLE MR.JUSTICE M.R. SHAHandHONOURABLE MR.JUSTICE A.Y. KOGJE
Date : 23/07/2018
ORAL 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.)
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