In Director Of Income-Tax (International Taxation) Mumbai v. Hongkong & Shanghai Banking Corporation, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.For the reason stated therein, the present appeal is also dismissed with no order as to costs.
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 APPEAL NO.2603 OF 2010
Director of Income-tax (International Taxation) Mumbai..Appellant.
Versus
Hongkong & Shanghai Banking Corporation..Respondent.
Mr.Suresh Kumar for the appellant.Mr.Damodar i/by Crawford Bayley & Co. for the respondent.
CORAM : J.P. Devadhar & Smt.R.P. Sondurbaldota, JJ.
DATE : 24[th] June, 2011.
P.C. :
1.The questions of law raised in this appeal are covered against the Revenue by the decision of this Court in the assessee's own case, being
Income Tax Appeal No.2602 of 2010 decided on 15th June 2011.
2.For the reason stated therein, the present appeal is also dismissed with no order as to costs.
(Smt.R.P. Sondurbaldota, J.)
(J.P. Devadhar, J.)
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