In Income Tax Appeal v. M/S Perfect Pumps Pvt. Ltd, I.t.a, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: In the circumstances this appeal is dismissed for the reasons stated in the case of M/s Perfect Pumps Pvt.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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Income Tax Appeal No.118 of 2005.
03.04.2012:-
Shri R.L.Jain, learned Senior Counsel with Ms. Veena Mandlik, learned counsel for the appellant.
Shri D.S.Kale, learned counsel for the Respondent.
At the out set it has been stated by learned counsel for the appellant that the questions involved in this appeal have already been answered by a Division Bench of this Court against the revenue in the case ofAssistant Commissioner of Income Tax
v/sM/s Perfect Pumps Pvt. Ltd, I.T.A.No.40 of 2004 decided on 05.09.2006.
In the circumstances this appeal is dismissed for the reasons stated in the case of M/s Perfect Pumps Pvt. Ltd. (Supra). The order passed in I.T.A.No.40 of 2004 shall apply with full force to the present case. Copy of the said order be kept in the file of this case.
(AKS)
[ Shantanu Kemkar ]
JUDGE
JUDGE
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