The Commissioner Of Income Tax, Panaji-Goa v. M/S. Oceanic Paints Pvt. Ltd
High Court
02 Feb 2009 In favour of: Assessee
Forum / Bench
High Court · hcbgoa
Parties
The Commissioner Of Income Tax, Panaji-Goa v. M/S. Oceanic Paints Pvt. Ltd
Date of order
02 Feb 2009
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax, Panaji-Goa v. M/S. Oceanic Paints Pvt. Ltd, the High Court (2009) 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.
IN THE HIGH COURT OF BOMBAY AT GOA
TAX APPEAL NO. 63 OF 2002
THE COMMISSIONER OF INCOME TAX, PANAJI-GOA. VersusM/S. OCEANIC PAINTS PVT. LTD.,
... Appellant
... Respondent
Mr. S. R. Rivonkar, Advocate for the Appellant.
P.C.:-
-Coram:P. B. MAJMUDAR &N. A. BRITTO, JJ.-Date:2nd February, 2009
During the course of hearing, learned Counsel for the Appellantsubmitted that the tax effect in the present appeal is for Rs.2,47,831/- andas per the Circular of the Department it has been decided not to file taxwhere the Tax effect is less than Rs.4,00,000/-. The Division Bench ofthis Court has held that the Circular is applicable to pending appeals also.In view of this, this appeal is not required to be entertained. Hence, thesame is dismissed in view of the fact that the Tax effect is less thanRs.4,00,000/-.
P. B. MAJMUDAR, J.
RD.
N. A. BRITTO, J.
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