COMMISSIONER OF INCOME TAX-8 Vs. N.S.N. JEWELLERS PVT. LTD.

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Date of judgment:
14/03/2016
Case Number:
Tax Reference Case (civil), No. 5186 of 2015, decided on March 14, 2016.
Reference No:
2016SCLT799
Hon'ble Judges:
Kurian Joseph , R.F.Nariman

JUDGMENT

KURIAN, J.

1. We have heard learned counsel for the parties.

2. Delay condoned.

3. Since the tax effect is below Rs. 25,00,000/- (rupees twenty five lacs only) at the time of filing of the civil appeal, in view of the circular issued by the Central Board of Direct Taxes, this civil appeal is dismissed.

4. However, the question of law is kept open.

5. I.A. No. 2 of 2016 – for direction is disposed of