The Cit, Mumbai City Vi v. Parle Bitumen Pvt Ltd

(34)ITRNo.582002

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDITION INCOME TAX REFERENCE NO.58 OF 2002 The Commissioner of Income Tax, Mumbai, City-VI, Mumbai.

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Applicant V/s.

Parle Bitumen Pvt. Ltd.

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Respondent .....

None for the Applicant.

Mr.Ashok J. Patil, Advocate for the Respondent. ....

CORAM :

S.V.GANGAPURWALA & A.M.BADAR JJ.

DATED :

6th July 2017.

P.C.

The learned counsel for the Assessee submits that for both the years i.e. 1986-87 and 1987-88, the tax effect liability is less than Rs.20,00,000/-.

The CBDT Circular dated 10th December 2015 would also apply to Reference in view of the Judgment of the Division Bench of this Court in Commissioner of Income-Tax v. Sunny Sounds P. Ltd., reported in [2016] 381 ITR 443 (Bom.). In view of that, the Reference is disposed of. ( A.M.BADAR J.) ( S.V.GANGAPURWALA J.) Gaikwad RD 1/1