The Commissioner Of Income Tax v. M/S. Dani Finlease Ltd
High Court
21 Aug 2007 In favour of: Assessee
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The Commissioner Of Income Tax v. M/S. Dani Finlease Ltd
Date of order
21 Aug 2007
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax v. M/S. Dani Finlease Ltd, the High Court (2007) 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.
The order — as passed by the High Court
((-1-))
HVN
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 883 OF 2004
The Commissioner of Income Tax ... Appellant
Vs.
M/s. Dani Finlease Ltd. ... Respondent
Mr. A.D. Kango for the Appellant.
CORAM: F.I.
J.P.DEVADHAR, JJ.
DATED: AUGUST 21, 2007
P.C.:
P.C.:
. The ITAT has dismissed the appeal relying on the judgment of the Supreme Court in the case of Apollo tyres reported in 255 ITR 273. The tax incidence is less than 4 lakhs. In the light of that matter will be covered by the CBDT circular, we are therefore, of the opinion that the appeal as filed would not be maintainable and consequently dismissed.
(J.P.DEVADHAR, J.)
(J.P.DEVADHAR, J.)(F.I.REBELLO, J.)
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