In The Commissioner Of Income Tax v. M/S.punit Creations, the High Court (2007) decided the matter.
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
ORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION NO.3270 OF 2004
WITH
INCOME TAX APPEAL LODGING NO.1296 OF 2004
The Commissioner of Income Tax..Appellant
Vs.
M/s.Punit Creations ...Respondent
Mr. A.D.Kangoo i/b. Pankaj Kapoor for the Appellant.
Mr. A.K. Jasani, for the Respondent
CORAM: F.I.
A.A.SAYED
DATED: 23RD JULY,2007
P.C.:
P.C.:
. As the tax effect is less than Rs.4.00 lakhs
learned Counsel seeks leave to withdraw the Motion
along with the Appeal. Motion along with Appeal
dismissed as withdrawn. Refund of Court Fees as per
Rules. Certified copy expedited.
2. The issue of law is kept open for
consideration in appropriate case.
(A.A. SAYED, J.)
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