In The Commissioner Of Income Tax v. M/S Timblo Pvt. Ltd. And Another, the High Court (2008) decided the matter.
Decision: The appeal is not pressed and is disposed of as such.
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. 54 OF 2002
The Commissioner of Income Tax ... Appellant
versus
M/s Timblo Pvt. Ltd. and another. ... Respondents
Mr. S. R. Rivonkar, Advocate for the Appellant.
Mr. H. D. Naik, Advocate for Respondent No.1.
CORAM : SWATANTER KUMAR, C.J. &
N. A. BRITTO, J.
DATE : 21ST NOVEMBER, 2008.
P.C.:-
Learned Counsel for the Appellant fairly states that in terms of the Circular of the CBDT the claim of the Revenue in fact lies within the limit.
The appeal is not pressed and is disposed of as such.
CHIEF JUSTICE
JUDGE
RD
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