In Rc/140/1996 Of The Commissioner Of Income Tax Visakhaptanam v. M/S.south Glory International (P) Ltd. Vsp, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURANDTHE HON’BLE SHRI JUSTICE SANJAY KUMAR
R.C.. No. 140 of 1996
DATED:30-01-2012
Between:The Commissioner of Income Tax
… Petitioner
And M/s. South Glory International Pvt. Ltd.,Visakhapatnam.
… Respondent
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURAND
THE HON’BLE SHRI JUSTICE SANJAY KUMAR
R.C. No. 140OF 1996
Order:(per the Hon’ble the Chief Justice Shri Madan B. Lokur)
1. The tax effect in this case is about Rs. 5,000/-. .
2. In view of the low tax effect, we decline to entertain this R.C.
3. The R.C. is accordingly dismissed.
MADAN B. LOKUR, CJ
30-01-2012
SANJAY KUMAR, J
pnb
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