Commissioner Of Income Tax, City – 10, Mumbai v. I.l. & F.s. Asset Management Co. Private Limited
High Court
25 Sep 2009 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Commissioner Of Income Tax, City – 10, Mumbai v. I.l. & F.s. Asset Management Co. Private Limited
Date of order
25 Sep 2009
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Commissioner Of Income Tax, City – 10, Mumbai v. I.l. & F.s. Asset Management Co. Private Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is thus dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1812 OF 2009
Commissioner of Income Tax, City – 10, Mumbai..Appellant.
Versus
I.L. & F.S. Asset Management Co. Private Limited
..Respondent.
Mr.P.S. Sahadevan for the appellant.Mr.Atul K. Jasani for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 25TH SEPTEMBER 2009
P.C. :
1.Heard learned counsel for the revenue.
2.So far as first two questions are concerned, the tribunal has remanded the matter back for consideration afresh and hence no substantial question of law is involved.
3.So far as remaining two questions are concerned, the same relates to capital expenditure. The issue is covered by the Division Bench of this Court in the case of Otis Elevator Co. (India) Limited V/s. Commissioner of Income Tax reportedin 195 ITR 682 (Bom)against the revenue. In this view of the matter, no substantial question of law arises in this appeal. The appeal is thus dismissed with no order as to costs.
(V.C. Daga, J.)
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