In The Commissioner Of Income Tax v. Nitin Gajanan Dalvi, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.169 OF 2008
The Commissioner of Income Tax
Versus
Nitin Gajanan Dalvi
..Appellant.
..Respondent.
Mr.P.S. Sahadevan for the appellant.
CORAM : V.C. DAGA &J.P. DEVADHAR, JJ. DATE : 10TH JUNE, 2009
P.C. :
1.Since the tax effect in this appeal is
less than Rs.4 lakhs and in view of Office
Memorandum dated 5-6-2007 issued by the C.B.D.T.
and judgments of this Court in CIT V/s. Camco Colour
Co (2002) 254 ITR 565 and CIT Pithwa Engg. Works
(2005) 276 ITR 519, learned counsel for the revenue
seeks liberty to withdraw the appeal. The appeal
is dismissed as withdrawn. Refund of Court fee as per
Rules.
(J.P. Devadhar, J.)
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