Commissioner of Income Tax v. M/S.Arun Textiles Pvt. Ltd.
Case brief
What is this about?
The revenue filed an appeal under Section 260A regarding the taxability of carbon credit proceeds from wind energy operations. The court dismissed the appeal due to low tax effect below the limit prescribed in Circular No.17/2019.
What the court decided
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 18.06.2020
CORAM :
THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAM AND THE HONOURABLE MRS.JUSTICE PUSHPA SATHYANARAYANA
TAX CASE APPEAL NO.1171 OF 2015
Commissioner of Income Tax, No.63, Race Course Road, Coimbatore. ...Appellant -vsM/s.Arun Textiles Pvt. Ltd., No.80, Perumal Koil Street, Tirupur-641 604. PAN: AAB CA 8982 D ...Respondent
Prayer:-
APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 19.06.2015 made in I.T.A.No.2174/Mds/2015 on the file of the Income Tax Appellate Tribunal 'D' Bench, Chennai for the assessment year 2010-11.
This Appeal filed against the Order of the Income Tax Appellate Tribunal Madras 'D' Bench, dated 19th June 2015 in I.T.A.No.2174/Mds/2015, Assessment Year 2010-11 against the Commissioner of Income Tax (Appeals)II, Coimbatore, dated 30.06.2014 I.T.A.No.115/3-14 in PAN.No.AABCA8982D in Assessment Year 2010-11 against the Deputy Commissioner of Income Tax Company Circle, Tirupur, I.T.No.65 in PAN.No.AABCA8982D, Assessment year 2010-2011.
For Appellant : Mr.T.R.Senthil Kumar, Senior Standing Counsel & Ms.K.G.Usha Rani, Standing Counsel
Parties & counsel
- appellant
Commissioner of Income Tax, No.63, Race Course Road, Coimbatore
- respondent
M/s. Arun Textiles Pvt. Ltd.
Coram
T.S. Sivagnanam
Case details
As recorded by the court registry
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