Director Of Incometax, (International Taxation v. Nicholas Applegate South East Asia Fund Ltd
High Court
01 Aug 2012 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Director Of Incometax, (International Taxation v. Nicholas Applegate South East Asia Fund Ltd
Date of order
01 Aug 2012
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Director Of Incometax, (International Taxation v. Nicholas Applegate South East Asia Fund Ltd, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: On this limited ground, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1390 OF 2009
Director of IncomeTax,(International Taxation.
V.Nicholas Applegate South East Asia Fund Ltd.
..Appellant.
..Respondent.
Mr.Suresh Kumar for the Appellant.Ms. Aasifa Khan for the Respondent.
CORAM : S.J.VAZIFDAR &
M.S. SANKLECHA, JJ.
DATE : 01[st] August, 2012
PC:
Ms. Aasifa Khan, Advocate for the respondent states that the respondent-assessee has now been wound up and there is therefore, no question of it seeking to carry forward its losses or claiming any benefits on the basis thereof. In view of the above statement, the question sought to be raised in this appeal is only academic. On this limited ground, the appeal is dismissed. Needless to state that the dismissal of this appeal would not operate as a precedent in any manner. It is also clarified that, if it is found that any benefits have been or are taken on the aforesaid basis, this appeal shall stand revived without further order of this court.
( M.S. SANKLECHA, J. )
( S. J. VAZIFDAR, J.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue