In The Commissioner Of Income Tax v. M/S Avarsekar Developers, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: As the tax liability is less than Rs.4,00,000/- in view of CBDT circular, the above appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
O.O.C.J.
Income Tax Appeal No. 2 of 2008
The Commissioner of Income Tax ..Appellant
vs.
M/s Avarsekar Developers ..Respondent
Mr.K.R.Choudhari for appellant
Mr.A.K.Jasani for respondent.
CORAM: Dr.S.RADHAKRISHNAN &S.J.KATHAWALLA JJ. 14th August, 2008
CORAM: Dr.S.RADHAKRISHNAN &
S.J.KATHAWALLA JJ.
14th August, 2008
P.C.
P.C.
1. Heard the learned Counsel appearing for the appellant
and the learned Counsel appearing for the respondent. As
the tax liability is less than Rs.4,00,000/- in view of
CBDT circular, the above appeal is dismissed.
(S.J.KATHAWALLA J.) (Dr.S.RADHAKRISHNAN J.)
(S.J.KATHAWALLA J.) (Dr.S.RADHAKRISHNAN J.)
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