The Pr. Commissioner Of Income Tax – 3 v. Standard Industries Ltd
High Court
28 Nov 2018 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Pr. Commissioner Of Income Tax – 3 v. Standard Industries Ltd
Date of order
28 Nov 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Pr. Commissioner Of Income Tax – 3 v. Standard Industries Ltd, the High Court (2018) 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.
Sections referenced in this judgment
The order — as passed by the High Court
R.M. AMBERKAR
(Private Secretary)
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO.O.C.J.INCOME TAX APPEAL (IT) NO. 144 OF 2018
The Pr. Commissioner of Income Tax – 3..Appellant
Versus
Standard Industries Ltd
..Respondent
...................
•Mr. A.R. Malhotra for the Appellant
...................
CORAM : AKIL KURESHI &
M.S. SANKLECHA, JJ.
DATE : NOVEMBER 28, 2018.
P.C.:
1.This appeal under Section 260A of the Income Tax Act,1961 (“the Act” for short) has been filed challenging theorders passed by the Income Tax Appellate Tribunal.
2.Mr. Malhotra, the learned counsel appearing in supportof the appeal, states that he has been instructed to withdrawthis appeal. This is for the reason that the tax effect involvedin this appeal is less than the threshold limit of Rs. 50 Lacsas provided in CBDT Circular No. 3 of 2018 dated 11.7.2018.
3.In view of the above submission, the appeal isdismissed as not pressed.
4.Refund of court fees as per rules.
[ M.S. SANKLECHA, J. ] [ AKIL KURESHI, J ]
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