The Cit City-Vi v. M/S.grasim Industries Ltd
High Court
12 Mar 2008 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Cit City-Vi v. M/S.grasim Industries Ltd
Date of order
12 Mar 2008
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Cit City-Vi v. M/S.grasim Industries Ltd, the High Court (2008) 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.
K.J. IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.753 OF 2007
The CIT City-VI ..Appellant
Versus
M/s.Grasim Industries Ltd., ..Respondent
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Mr.A.D.Kango & Mr.P.S.Sahadevan for the appellant.
Mr.J.D.Mistry i/by Dave & Girish for the respondent.
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Coram : F.I.Rebello & R.S.Mohite,JJ
Coram : F.I.Rebello & R.S.Mohite,JJ
Coram : F.I.Rebello & R.S.Mohite,JJ
Date : 12.03.2008.
PC
1. The tax incidence in this case is less than Rs.1
lakh. Revenue is bound by the Circular of CBDT.
Learned Counsel states that he has no instructions.
In the light of that, appeal dismissed. The court
fees paid to be recovered from the officer concerned
in the matter as we find no reason why Union of
India should suffer the loss, inspite of Circular of
CBDT which is binding on the respondent.
(R.S.Mohite,J) (F.I.Rebello,J)
(R.S.Mohite,J) (F.I.Rebello,J)
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