In The Commissioner Of Income Tax v. M/S.sunflag Filaments Pvt. Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Pithwa Engineering Works (2005) 276 ITR 519,the appeal stands dismissed with no order as to costs.
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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L)NO.1747 OF 2008
The Commissioner of Income Tax
Vs.
M/s.Sunflag Filaments Pvt. Ltd.
..Appellant
..Respondent
Mr.R.Ashokan for appellant.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. 25[th] June,2009
DATE :
P.C.
Mr.R.Ashokan appearing for the Revenue states, that he has no instructions to proceed with the matter.
Since the tax effect involved in the present appeal is less than Rs.4/- lac and in view of the Office Memorandum dated 5[th] June, 2007 issued by the CBDT and the judgment of this Court in the case of CIT Vs. Camco Colours Co. (2002) 254 ITR 565and CIT Vs. Pithwa Engineering Works (2005) 276 ITR 519,the appeal stands dismissed with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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