The Commissioner of Income Tax, Vidarbha, Nagpur v. M/S Sunrise Steel Industries Pvt. Ltd., Nagpur
Bombay HCITA/54/1996
Case brief
AI extract
What is this about?
The High Court of Judicature at Bombay, Nagpur Bench, dismissed two Income-tax applications filed by the revenue under Section 256(2). The applications concerned cancellation of a penalty u/s. 271B and time limit violations. The court relied on C.I.T. vs. Pithwa Engineering Works to dismiss them due to cumulative tax effect being less than Rs. Two lakhs.
What did the court decide?
Rule discharged, no costs.