In Income Tax v. M/S Wallace Pharmaceuticals, the High Court (2009) decided the matter.
Decision: The appeal is accordingly disposed of.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF BOMBAY AT GOA
TAX APPEAL NO. 53 OF 2002
THE COMMISSIONER OF
INCOME TAX ... APPELLANT
versus
M/S WALLACE PHARMACEUTICALS
LTD. AND ANOTHER. ... RESPONDENT
Mr. S. R. Rivonkar, Advocate for the Appellant.
Mr. S. M. Singbal, Advocate for Respondent No.1.
CORAM : SWATANTER KUMAR, C.J. &
N. A. BRITTO, J.
DATE : 21ST JANUARY, 2009.
P.C.:-
In view of the reasons given in Tax Appeal No. 34 of 2002 by Order
dated 6-1-2009 we set aside the order. The matter be remanded to the Tribunal for determination on merits.
The appeal is accordingly disposed of.
CHIEF JUSTICE
JUDGE
RD
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.