In Bombay Suburban Electric Supply Ltd v. Commissioner Of Income Tax, the High Court (2009) dismissed the appeal. The decision went in favour of the Revenue.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX REFERENCE NO.342 OF 1995
Bombay Suburban Electric Supply Ltd.
..Appellant.
Versus
Commissioner of Income Tax..Respondent.
Mr.P.J. Pardiwala, senior counsel i/by Mulla & Mulla for the appellant.None for the respondent.
P.C. :
1.When this reference is called out, none appears for the revenue.2.In this view of the matter, the questions referred for the opinion of this Court at the instance of the department are returned unanswered.
3.In view of this learned counsel appearing for
the respondent � non applicant � assessee submits thatthe questions referred by the tribunal to this Court for the opinion at the instance of the assessee may also be returned unanswered since they are not being pressed.4.The reference is accordingly stands disposed of.
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