In Rc/205/1996 Of Commisioner Of Income Tax Vizag v. M/Sv.d.r.and Co.nylon Pvt Ltd.hyd, 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.
HONOURABLE THE CHIEF JUSTICE SHRI MADAN B.LOKURANDHONOURABLE SHRI JUSTICE SANJAY KUMAR
REFERRED CASE NO.205 OF 1996
Dt: 03-02-2012.
Between:COMMISSIONER OF INCOME TAXVISAKHAPATNAM .. APPLICANT
AND
M/S.V.D.R. & CO.NYLONS (P) LTD.,VISAKHAPATNAM .. RESPONDENT
HONOURABLE THE CHIEF JUSTICE SHRI MADAN B.LOKURANDHONOURABLE SHRI JUSTICE SANJAY KUMAR
REFERRED CASE NO.205 OF 1996
JUDGMENT : (PER HON’BLE THE CHIEF JUSTICE SHRI Madan B.Lokur)
Steps have not been taken for the last seven years to serve theassessee. Matter has been pending for the last 15 years on this count.It appears Revenue is not interested to pursue this matter.This Referred Case is dismissed for non-prosecution.
Dt: 03-02-2012.
( MADAN B.LOKUR, CJ )
( SANJAY KUMAR, J )
TNB
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