In Crol/11/2010 Of The Commissioner Of Income Tax -12 Mumbai v. Ashok Phansalkar, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
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
CROSS OBJECTIONS NO.11 OF 2010ININCOME TAX APPEAL (L) NO.1450 OF 2010ININCOME TAX APPEAL NO.4175 OF 2010
Commissioner of Income Tax-12VersusAshok W. Phansalkar (Deceased)
..Appellant
..Respondent
...........
Mr. B. D. Damodar i/b. Kanga & Co. for the Appellant.Mr. Suresh Kumar a/w Ms. Samiksha Kanani for the Respondent.
...........
CORAM: M. S. SANKLECHA & A. K. MENON, JJ.
DATE : 5[th] JULY, 2016
P.C.:
Mr. B. D. Damodar, the learned counsel appearing in support of the present Cross Objection seeks to withdraw the Cross Objection. The Cross Objection is dismissed as withdrawn.
(A. K. MENON, J.)
(M. S. SANKLECHA, J.)
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