Commissioner Of Income Tax,Central – Ii v. M/S. Development Credit Bank Ltd
High Court
17 Jul 2014 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Commissioner Of Income Tax,Central – Ii v. M/S. Development Credit Bank Ltd
Date of order
17 Jul 2014
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Commissioner Of Income Tax,Central – Ii v. M/S. Development Credit Bank Ltd, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: The Income Tax Appeal is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.589 OF 2012
Commissioner of Income Tax,Central – II
..Appellant
-Versus-
M/s. Development Credit Bank Ltd...Respondent
...........
Mr. Vimal Gupta, Senior Counsel, with Ms. Padma Divakar for the Appellant.
Ms. Aasifa Khan and Mr. Satish R. Modi for the Respondent............
CORAM: S.C. DHARMADHIKARIAND
B.P. COLABAWALLA, JJ.
DATE :- 17[th] JULY, 2014
P.C.:
1]Having heard Mr. Vimal Gupta, learned Senior Counsel, appearing on behalf of the appellant and Ms. Khan, learned counsel, appearing on behalf of the respondent, we are of the opinion that in view of the order passed on 14[th] February, 2013 in Income Tax Appeal Nos.2411 of 2011, 2424 of 2011 and 2453 of 2011, which is for the prior assessment years and in relation to the same assessee involving identical point, that this appeal also fails. It does not raise any substantial question of law. We are passing this order following the order dated 14[th] February, 2013 in the
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above Income Tax Appeals. The Income Tax Appeal is accordingly dismissed. No costs.
(B.P.COLABAWALLA, J.)(S.C. DHARMADHIKARI, J.)
wadhwa
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