In The Commissioner Of Income Tax v. Mohit Steel Industries (P) Ltd, the High Court (2018) 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. 13 OF 2009
THE COMMISSIONER OF INCOME TAX
Versus
... Appellant
MOHIT STEEL INDUSTRIES (P) LTD
... Respondent
Ms Amira Abdul Razaq for the appellant.
-Coram:SHANTANU S. KEMKAR &C. V. BHADANG, JJ.-Date:13th August 2018
ORAL ORDER
The learned counsel for the appellant on written instructionsdated 10/8/2018 received from the appellant and in view of theCircular No.3/2018 dated 11/7/2018 as the tax effect in this appeal is below Rs.50.00 lakhs seeks leave to withdraw thisappeal.
2.�The prayer is accepted.
3.�The appeal is dismissed as withdrawn.
4.� However it is observed that in case the Circular No.03/2018dated 11/7/2018 which is subject matter of challenge before theHon'ble Supreme Court in Public Interest Litigation (PIL) in
Writ Petition no (Civil) No.851 of 2018 is set aside, it will beopen for the revenue to seek revival of this appeal.
hvn
C. V. BHADANG, J.
SHANTANU S. KEMKAR, J.
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