In Rc/31/1999 Of The Commissioner Of Income Tax Guntur v. M/S Sri Laxmi Cottan Presh Co Guntur, 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
REFERRED CASE NO.31 OF 1999
DATED:22.2.2012
Between:
The Commissioner of Income TaxGuntur … Petitioner
And
M/s. Sri Laxmi Cotton Pressing CompanyEtukuru RoadGuntur … Respondent
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURAND
THE HON’BLE SHRI JUSTICE SANJAY KUMAR
REFERRED CASE NO.31 OF 1999
ORDER:(per the Hon’ble the Chief Justice Shri Madan B. Lokur)
The tax effect in this case is about Rs.4.00 lakhs.
2. We also find that the process fee has not been paid for the lastmore than ten years.
3. In the circumstances, the referred case is dismissed for
non-prosecution.
__________________
MADAN B. LOKUR, CJ
__________________
SANJAY KUMAR, J 22-2-2012
bnr
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