In The Commissioner Of Income Tax v. M/S.rachana Builders Pvt. Ltd, 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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MGN
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION NO.3159 OF 2004
WITH
INCOME TAX APPEAL LODGING NO.1300 OF 2004
The Commissioner of Income Tax..Appellant
Vs.
M/s.Rachana Builders Pvt. Ltd...Respondent
Mr. A.D.Kangoo i/b. Pankaj Kapoor for the
Appellant.
Mr.A.P.Sathe with Mr.M.Vaidya,for the Respondent
CORAM: F.I.
A.A.SAYED
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dismissed as withdrawn.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.
(A.A. SAYED, J.)
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