Dismissed
The Commissioner of Income Tax Vidarbha, Nagpur v. Saraswati Bagadia Prop.Saraswati Enterprises,Nagp.
Bombay HCITA/47/1996
Case brief
AI extract
What is this about?
The High Court of Judicature at Bombay, Nagpur Bench dismissed two applications filed by the revenue under Section 256(2) of the Income-tax Act, 1961. The court applied C.I.T. vs. Pithwa Engineering Works, dismissing the applications based on the cumulative tax effect being less than Rs. two lakhs.
What did the court decide?
Both applications dismissed. Rule discharged. No costs.