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Gujarat High Court

Commissioner Of Income Tax-I vs Friends Oil & Chemical Terminal Pvt ... on 7 July, 2016

Author: Ks Jhaveri

Bench: Ks Jhaveri, G.R.Udhwani

                 O/TAXAP/1781/2008                                                  JUDGMENT




                    IN THE HIGH COURT OF GUJARAT AT AHMEDABAD

                                     TAX APPEAL NO. 1781 of 2008



         FOR APPROVAL AND SIGNATURE:



         HONOURABLE MR.JUSTICE KS JHAVERI


         and
         HONOURABLE MR.JUSTICE G.R.UDHWANI

         ==========================================================

         1     Whether Reporters of Local Papers may be allowed
               to see the judgment ?

         2     To be referred to the Reporter or not ?

         3     Whether their Lordships wish to see the fair copy of
               the judgment ?

         4     Whether this case involves a substantial question of
               law as to the interpretation of the Constitution of
               India or any order made thereunder ?

         ==========================================================
                     COMMISSIONER OF INCOME TAX-I....Appellant(s)
                                       Versus
                FRIENDS OIL & CHEMICAL TERMINAL PVT LTD....Opponent(s)
         ==========================================================
         Appearance:
         MR PRANAV G DESAI, ADVOCATE for the Appellant(s) No. 1
         RULE SERVED for the Opponent(s) No. 1
         ==========================================================

             CORAM: HONOURABLE MR.JUSTICE KS JHAVERI
                    and
                    HONOURABLE MR.JUSTICE G.R.UDHWANI

                                           Date : 07/07/2016


                                                Page 1 of 2

HC-NIC                                       Page 1 of 2      Created On Tue Jul 12 00:52:17 IST 2016
                    O/TAXAP/1781/2008                                           JUDGMENT



                                       ORAL JUDGMENT

(PER : HONOURABLE MR.JUSTICE KS JHAVERI)

1.  The monetary limits and other conditions for  filing   departmental   appeals   (in   Income­tax  matters)   before   the   Appellate   Tribunal,   High  Courts and SLP before the Supreme Court have been  revised by the Central Board of Direct Taxes, New  Delhi, vide Circular No.21/2015 dated 10.12.2015. 

2. Insofar as High Courts are concerned, it has  been decided by the Board that no appeals shall  be preferred in cases where the tax effect does  not  exceed  the  monetary  limit  of  Rs.20.00  Lacs.  It is also decided that the said Circular shall  apply retrospectively in pending appeals as well.

3. In   view   of   the   above,   this   appeal   is   not  entertained   and   is,   accordingly,   disposed   of.  Liberty to apply in case of difficulty. 

(K.S.JHAVERI, J.) (G.R.UDHWANI, J.) Pravin Page 2 of 2 HC-NIC Page 2 of 2 Created On Tue Jul 12 00:52:17 IST 2016