In Rc/88/1999 Of Teh Commissioner Of Income Tax Visakha v. M.venkata Ramaiah, 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.88 OF 1999
DATED:5.3.2012
Between:The Commissioner of Income TaxVisakhapatnam … Applicant
And
Mattapalli VenkataramayyaRajahmundry … Respondent
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURAND
THE HON’BLE SHRI JUSTICE SANJAY KUMAR
REFERRED CASE NO.88 OF 1999
ORDER:(per the Hon’ble the Chief Justice Shri Madan B. Lokur)
The tax effect in this referred case is said to be Rs.1,17,000/-.
2. In view of the low tax effect, we decline to answer this referenceand it is accordingly dismissed.
__________________
MADAN B. LOKUR, CJ
__________________
SANJAY KUMAR, J 5-3-2012
bnr
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