Counsel Appearing On Behalf Of The Revenue And Counsel v. Kalpataru Colours And Chemicals (Ita(L) 2887 Of 2009). In View

IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. INCOME TAX APPEAL NO.3165 OF 2010 The Commissioner of Income Tax-7..Appellant. Vs.M/s.Navneet Publications (India) Ltd...Respondent..... Mr. Suresh Kumar for the Appellant.Dr.K.Shivram with Mr.Rahul Hakani and Mr. P.S. Savla for the Respondent. ..... CORAM : DR.D.Y.CHANDRACHUD & J.P.DEVADHAR, JJ. 29 June 2010. P.C. : Counsel appearing on behalf of the Revenue and counsel appearing on behalf of the assessee are agreed in stating before the Court that the issues which are raised in the appeal by the Revenue under Section 260-A of the Income Tax Act, 1961 are covered in favour of the Revenue and against the assessee by the judgment delivered today by this Court in Commissioner of Income Tax v. Kalpataru Colours and Chemicals (ITA(L) 2887 of 2009). In view of the statement which has been made on behalf of the parties by counsel, we dispose of the appeal in terms of the judgment of this Court in Kalpataru Colours and Chemicals (supra). The Assessing Officer shall upon remand pass fresh orders having due regard to the judgment of this Court in Kalpataru Colours and Chemicals. The appeal is accordingly disposed of. There shall be no order as to costs. (Dr. D.Y.Chandrachud, J.) (J.P. Devadhar, J.)