In The Commissioner Of Income Tax, City – V, Bombay v. M/S.marwar Textiles (Agency) Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeals are dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.59 OF 2007ANDINCOME TAX APPEAL NO.60 OF 2007
The Commissioner of Income Tax, City – V, Bombay
..Appellant.
Versus
M/s.Marwar Textiles (Agency) Limited
..Respondent.
Mr.P.S. Sahadevan for the appellant.Mr.S.J. Mehta and Ms.A. Vissanji i/by M/s.S.P. Mehta for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 4TH SEPTEMBER 2009
P.C. :
1.Since the tax effect in these appeals is less than Rs.4 lakhs and in view of the office Memorandum dated 5-6-2007 issued by the C.B.D.T. and judgments of this Court in CIT V/s. Camco Colour Co. (2002) 254 I.T.R. 565and CIT V/s. PithwaEngg. Works (2005) 276 ITR 519, learned counsel for the revenue seeks liberty to withdraw the appeals. The appeals are dismissed as withdrawn.
2.Refund of Court fees as per Rules
(J.P. Devadhar, J.)
(V.C. Daga, J.)
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