Dismissed
Director of Income Tax (International Taxation), Mumbai. v. Dana Corporation Inc. Mumbai.
Bombay HCITXA/2226/2009
Case brief
AI extract
What is this about?
In an income tax appeal regarding AY 2002-03, the Revenue counsel stated that the tax effect is below the threshold limit of Rs. 20 lakhs under Central Board of Direct Tax Circular No.21/15. Consequently, the court dismissed the appeal as it was not pressed by the appellant.
What did the court decide?
The appeal was dismissed as it was not pressed due to the tax effect being less than Rs. 20 lakhs.