The Commissioner Of Income Tax-Ii, Thane (W) 400 604 v. Deepak Fertilisers And Petrochemical Corporation Ltd., Midc, Taloja, Raigad
High Court
13 Jan 2016 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax-Ii, Thane (W) 400 604 v. Deepak Fertilisers And Petrochemical Corporation Ltd., Midc, Taloja, Raigad
Date of order
13 Jan 2016
Assessment year(s)
1997-98
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax-Ii, Thane (W) 400 604 v. Deepak Fertilisers And Petrochemical Corporation Ltd., Midc, Taloja, Raigad, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.Accordingly, the appeal is dismissed for non-prosecution.
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. 220 OF 2007
The Commissioner of Income Tax-II,Thane (W) 400 604
v/sDeepak Fertilisers and Petrochemical Corporation Ltd., MIDC, Taloja, Raigad
… Appellant
… Respondent
None for Appellant.
Mr Sanjiv M. Shah for Respondent.
CORAM : M.S. SANKLECHA AND
B.P. COLABAWALLA JJ.
DATE : 13[th] JANUARY, 2016
P.C.:-
1.This Appeal relates to Assessment Year 1997-98. None appears for the Appellant Revenue. It appears that the Revenue is not interested in pursuing this Appeal. Moreover, the tax effect involved in the present appeal as indicated in para 11 of the Appeal Memo is Rs.7,26,620/-. Therefore, in view of the Central Board of direct Tax Circular No.21/15 dated 10[th] December 2015, the tax effect being less than the threshold limits provided therein for
2
challenging an order of the Tribunal before this Court, it appears that the Revenue is not interested in pursuing this appeal.
2.Accordingly, the appeal is dismissed for non-prosecution.
(B.P.COLABAWALLA, J.) (M.S. SANKLECHA, J.)
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