In Heaven Diamonds Pvt. Ltd v. The Commissioner Of Income Tax, the High Court (2009) dismissed the appeal. The decision went in favour of the Revenue.
Decision: In this view of the matter, appeal stands dismissed for want of substantial question of law with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
bgp
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1759 OF 2009
Heaven Diamonds Pvt. Ltd.
Vs.
The Commissioner of Income Tax
..Appellant
..Respondent
Mr.S.N.Acharya for appellant.
Mr.P.S.Sahadevan for respondent.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 17TH SEPTEMBER, 2009
DATE :
P.C.
1.Heard learned Counsel for the parties.
2.
2.The findings recorded by the Tribunal relying on the judgment of the Apex Court in the case of CIT Vs. Gem India Manufacturing Co. (2001) 249 ITR 307, cannot be faulted. In this view of the matter, appeal stands dismissed for want of substantial question of law with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,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