C.I.T.Wb-I Calcutta v. M/s Madanlal Steel & Forgings
[Citation -2014-LL-0820-81]

Citation 2014-LL-0820-81
Appellant Name C.I.T.Wb-I Calcutta
Respondent Name M/s Madanlal Steel & Forgings
Court HIGH COURT OF CALCUTTA
Relevant Act Income-tax
Date of Order 20/08/2014
Judgment View Judgment
Keyword Tags tax effect
Bot Summary: For Appellant/Petitioner : MR.P.K.BHOWMIK,ADVOCATE For respondent-assessee : MR.R.BHARADWAJ,ADVOCATE The Court : Mr.Prabir Kumar Bhowmik, learned advocate for the appellant/revenue prays for admission of appeal. Mr.Rajarshi Bhardwaj, learned advocate for the respondent/assessee relying on the orders dated 3rd March, 2011 in ITA No.128 of 2008 and 2nd August, 2010 in ITR 179 of 1991 both passed by Delhi High Court submits that the Delhi High Court relying on the judgement of the Bombay High Court in CIT v. Pithwa 2 Engg. Works : 276 ITR 519 was not inclined to answer the reference because the tax effect was minimal. The Delhi High Court did so relying on the judgement of the Bombay High Court which referred to the Circular of the Board dated 27th March, 2000 found by the Bombay High Court to be applicable even to old references which are still undecided. In the present case, the tax effect is minimal, that is, about Rs.40,000/. We are not inclined to deal with the present appeal and accordingly, the appeal is dismissed. Urgent certified copy of this order, if applied for, be given to the appearing parties on priority basis.


ORDER SHEET ITA 88 OF 1999 IN HIGH COURT AT CALCUTTA Special Jurisdiction (Income Tax) ORIGINAL SIDE C.I.T.WB-I CALCUTTA Versus M/S MADANLAL STEEL & FORGINGS BEFORE: Hon'ble JUSTICE SOUMITRA PAL Hon'ble JUSTICE ARINDAM SINHA Date : 20th August, 2014. For Appellant/Petitioner : MR.P.K.BHOWMIK,ADVOCATE For respondent-assessee : MR.R.BHARADWAJ,ADVOCATE Court : Mr.Prabir Kumar Bhowmik, learned advocate for appellant/revenue prays for admission of appeal. Mr.Rajarshi Bhardwaj, learned advocate for respondent/assessee relying on orders dated 3rd March, 2011 in ITA No.128 of 2008 (Commissioner of Income-tax Vs. Delhi Race Club Ltd.) and 2nd August, 2010 in ITR 179 of 1991 (Commissioner of Income-tax Vs. M/s.P.S.Jain & Co.) both passed by Delhi High Court submits that Delhi High Court relying on judgement of Bombay High Court in CIT v. Pithwa 2 Engg. Works : (2005) 276 ITR 519 (Bom) was not inclined to answer reference because tax effect was minimal. Delhi High Court did so relying on judgement of Bombay High Court which referred to Circular of Board dated 27th March, 2000 found by Bombay High Court to be applicable even to old references which are still undecided. In present case, tax effect is minimal, that is, about Rs.40,000/. Hence, we are not inclined to deal with present appeal and accordingly, appeal is dismissed. Urgent certified copy of this order, if applied for, be given to appearing parties on priority basis. (SOUMITRA PAL, J.) (ARINDAM SINHA, J.) ssaha AR(CR) C.I.T.Wb-I Calcutta v. M/s Madanlal Steel & Forging
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