In The Commissioner Of Income Tax v. M/S.sheel Gems, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: 11[th] June,2009 DATE : 2.Since the tax effect involved in the above appeals is less than Rs.4/- lac, both the above appeals stand dismissed, however questions raised in these appeals are kept open.
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
INCOME TAX APPEAL (L)NO.180 OF 2008
WITH
INCOME TAX APPEAL (L)NO.181 OF 2008
The Commissioner of Income Tax
Vs.M/s.Sheel Gems
..Appellant
..Respondent
Ms.Anuradha Mane a/w.Mr.P.S.Sahadevan for appellant.
None for respondent.
P.C.
1.Heard.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 11[th] June,2009
DATE :
2.Since the tax effect involved in the above appeals is less than Rs.4/- lac, both the above appeals stand dismissed, however questions raised in these appeals are kept open.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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