In Director Of Income Tax(It)-I v. M/S. Antwerp Diamond Bank Nv, the High Court (2013) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the present appeal is dismissed as not pressed.
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 (L) NO.1182 OF 2012
Director of Income Tax(IT)-I.v.
M/s. Antwerp Diamond Bank NV.
..Appellant.
..Respondent.
Mr. Tejveer Singh for the Appellant.
Mr. A.K. Jasani for the Respondent.
CORAM : J.P. DEVADHAR AND
M.S. SANKLECHA, JJ.
14[th] February, 2013.
DATE :
PC:
This appeal by the revenue against the Special Bench
order dated 30/3/2012 for assessment year 2003-04 is not being pressed by the revenue. This is on account of the fact that substantial appeal being Income Tax Appeal (L) No.2078 of 2012 has been filed by the revenue against the order of the Division Bench of the Tribunal dated 25/7/2012 passed consequent to the order of the Special Bench of the Tribunal. Accordingly, the present appeal is dismissed as not pressed.
2)Refund of court fee as per rules.
(M.S.SANKLECHA, J.)
(J.P. DEVADHAR, J.)
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