In The Commissioner Of Income Tax v. M/S Narang Motels Pvt Ltd, the High Court (2008) 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 JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 469 OF 2005
The Commissioner of Income Tax
).. Appellant
Versus
M/s Narang Motels Pvt Ltd.
).. Respondent
Ms Anamika Malhotra i/b Pankaj Kapoor for the Appellant.Mr Ravi Rattesar i/b D M Harish & Co. for the Respondent.
CORAM:SWATANTER KUMAR, C. J. & A.P. DESHPANDE, J.DATED: 4TH AUGUST 2008.
P.C.
The learned Counsel appearing for the Appellant submitsthat, the tax effect being less than Rs.4 lakhs and in terms of the CBDTInstruction No. 2/2005 dated 24[th] October 2005, she does not press thisAppeal.
2.Appeal dismissed as withdrawn.
CHIEF JUSTICE
A. P. DESHPANDE, J.
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