Txa/7/2019 Of The Principal Commissioner Of Income Tax, Panaji v. The Vaishya Urban Co-Operative Credit Society Ltd
High Court
11 Jun 2019 In favour of: Unclear
Forum / Bench
High Court · hcbgoa
Parties
Txa/7/2019 Of The Principal Commissioner Of Income Tax, Panaji v. The Vaishya Urban Co-Operative Credit Society Ltd
Date of order
11 Jun 2019
Assessment year(s)
2007-08
Outcome
Other
Case summary
In Txa/7/2019 Of The Principal Commissioner Of Income Tax, Panaji v. The Vaishya Urban Co-Operative Credit Society Ltd, the High Court (2019) decided the matter.
Decision: 3.The Appeal is accordingly disposed of.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
Santosh
IN THE HIGH COURT OF BOMBAY AT GOA
TAX APPEAL NO.7 OF 2019
The Principal Commissioner ofIncome Tax, Panaji.…. Appellant.
V/s.The Vaishya Urban Co-operativeCredit Society Ltd.
…. Respondent
Ms. Amira Abdul Razaq, Standing Counsel for the Appellant.
Coram : S.C. Gupte &
Prithviraj K. Chavan, JJ.
th June, 2019.
Date : 11
P.C.:-
1. The tax effect in the present tax appeal being blow ₹ 50.00lakhs, in accordance with the Circular of the Union of India, namely,Circular No.03/2018, dated 11.07.2018, the Tax Appeal ought not to beproceeded with.
2.It has been pointed out by learned Standing Counsel for theAppellant- Commissioner that a connected tax appeal of the same Assesseefor Assessment Year 2007-08 involving tax liability of 2,34,018/-, has₹been withdrawn by the Income Tax Commissioner in accordance with thatCircular.
3.The Appeal is accordingly disposed of.
Prithviraj K. Chavan, J. S.C. Gupte, J.
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