In The Commissioner Of Income Tax v. Haldex India Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Pithwa Engineering Works (2005) 276 ITR 519, both the above appeals stand dismissed with no order as to costs.
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 (L)NO.1876 OF 2008
The Commissioner of Income Tax Vs.
Haldex India Ltd.
..Appellant
..Respondent
WITH
INCOME TAX APPEAL (L)NO.1878 OF 2008
The Commissioner of Income Tax Vs.Ramrajya Sahakari Bank Ltd.
..Appellant
..Respondent
None for the parties.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. DATE : 25TH JUNE, 2009
P.C.
Since the tax effect involved in the above appeals is less than Rs.4/- lac and in view of the Office Memorandum dated 5[th] June, 2007 issued by the CBDT and the judgment of this Court in the case of CIT Vs. Camco Colours Co. (2002) 254 ITR 565and CIT Vs. Pithwa Engineering Works (2005) 276 ITR 519, both the above appeals stand dismissed with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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