In Heard. Perused Appeal v. Addl.commissioner Of Income Tax & Anr, the High Court (2009) decided the matter.
Decision: Appeal is disposed of accordingly 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO. 43 OF 2004
M/s.Prince SWR Systems Pvt.Ltd.... Appellant.
Dy.Commissioner of Income tax.... Respondent.
K.Gopal and Pramod Kumar Parida for the appellant.Suresh Kumar for the respondent.
P.C. :
Heard. Perused appeal.
2.Learned counsel for both parties agree that the question on which the appeal was admitted vide order dated 24[th] November, 2004 should be answered in favour of the revenue and against the assessee for the reasons recorded in Full Bench judgment of this Court dated 16[th] October, 2009 delivered in ITXA No.1282/2007 in the case of Plastiblends India Limited v. Addl.Commissioner of Income Tax & Anr.
3.In view of the above, question is answered in favour of the revenue and against the assessee. Appeal is disposed of accordingly with no order as to costs.
(J.P.DEVADHAR, J.)
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