Fthe C.I.T.City-Viii,Mumbai. v. M/S.Colourtronic Film Lab
Case brief
What is this about?
The High Court returned three Income Tax references unanswered because the Revenue failed to ascertain the tax effect as directed previously. The court noted that a new circular exempted references with tax effects under Rs. 20 lakhs from pursuit. The specific questions posed in the references were left open for a future appropriate case.
What did the court decide?
References returned unanswered; questions left open for consideration in an appropriate case
What the court decided
307-99-ITR-c=.doc
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX REFERENCE NO.307 OF 1999
The Commissioner of Income-tax, City-VI, Bombay .. Applicant v/s. M/s. Clarostat (India) Ltd. .. Respondent
WITH INCOME TAX REFERENCE NO.331 OF 1999
The Commissioner of Income-tax, Central-1, Bombay .. Applicant v/s. The Century Textiles and Industries .. Respondent
WITH
INCOME TAX REFERENCE NO. 120 OF 2000
The Commissioner of Income-tax, BC-VIII, Bombay .. Applicant v/s. M/s. Colourtronic Film Lab. .. Respondent
Mr. Suresh Kumar a/w Ms. Samiksha Kanani for the applicant
CORAM : M.S. SANKLECHA & A.K. MENON, J.J. DATED : 5th AUGUST, 2016.
Issues for consideration
2 issues framed by the court
Whether references involving tax effect less than Rs.20 lakhs should be pursued under Circular No. 21 of 2015
Whether failure by the Revenue to examine tax effect warrants returning the references unanswered
Parties & counsel
- applicant
The Commissioner of Income-tax, City-VI, Bombay
- respondent
M/s. Clarostat (India) Ltd.
- applicant
The Commissioner of Income-tax, Central-1, Bombay
- respondent
The Century Textiles and Industries
- applicant
The Commissioner of Income-tax, BC-VIII, Bombay
Case details
As recorded by the court registry
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