The Commissioner Of Income Tax v. M/S.devidaal Rolling & Refineries
High Court
30 Jul 2007 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax v. M/S.devidaal Rolling & Refineries
Date of order
30 Jul 2007
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax v. M/S.devidaal Rolling & Refineries, the High Court (2007) dismissed the appeal. The decision went in favour of the assessee.
Decision: As the tax component in the present case is less than Rs.4,00,000/-, in view of C..B.D.T. circular, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICITON
INCOME TAX APPEAL NO.550 OF 2004
The Commissioner of Income Tax .. Appellant.
Versus
M/s.Devidaal Rolling & Refineries
P. Ltd. .. Respondent.
Mr.A.D. Kango for the appellant.
CORAM : F.I. REBELLO &
J.P. DEVADHAR, JJ.
DATED : 30TH JULY, 2007.
P.C. :
1. The learned counsel had sought to point out
that there is a judgment of the Madras High Court in
the case of Coimbatore Spinning & Weaving Co. Ltd.
V/s. Commissioner of Income Tax reported in 1974
(95) I.T.R. 375. However, considering the judgment
of this Court and the Circular issued by the
C.B.D.T., we are not inclined to accept the
contention.
2. As the tax component in the present case is
less than Rs.4,00,000/-, in view of C..B.D.T.
circular, the appeal is dismissed.
(F.I. REBELLO, J.)
2
(J.P. DEVADHAR, J.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue