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The Commissioner Of Income Tax,Panaji-Goa v. M/S V.m.salgaoncar Sales Intenational,Vasco Da Gam

High Court 02 Feb 2009 In favour of: Assessee

Forum / Bench

High Court · hcbgoa

Parties

Date of order

02 Feb 2009

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In The Commissioner Of Income Tax,Panaji-Goa v. M/S V.m.salgaoncar Sales Intenational,Vasco Da Gam, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

IN THE HIGH COURT OF BOMBAY AT GOA TAX APPEAL NO. 16 OF 2003 THE COMMISSIONER OF INCOME TAX,PANAJI-GOA. VersusM/S V.M.SALGAONCAR SALES INTENATIONAL,VASCO DA GAM ... Appellant ... Respondent Shri S. R. Rivonkar, Government Advocate for the Appellant.Mr. A. F. Diniz, Advocate for the Respondent. P.C. -Coram:P. B. MAJMUDAR &N. A. BRITTO, JJ.-Date:2nd February, 2009 It is pointed out to the Court that the tax effect in the matter is forRs.2,89,117/- and as per the policy decision taken by the Central Board ofDirect Taxes, no appeal is to be filed when the tax effect is less thanRs.4,00,000/-. It is pointed out that as per the decision in the earliermatter, such Circular will be applicable to the pending cases as well. Inview of the fact that the tax effect is less than Rs.4,00,000/-, the appeal isdismissed. P. B. MAJMUDAR, J. arp/* N. A. BRITTO, J.

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