Case LawHigh Court › Industrial Corporation Ltd v. Cit

Industrial Corporation Ltd v. Cit

High Court 13 Mar 2009 In favour of: Revenue
Forum / Bench
High Court · newos
Parties
Industrial Corporation Ltd v. Cit
Date of order
13 Mar 2009
Assessment year(s)
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In Industrial Corporation Ltd v. Cit, the High Court (2009) dismissed the appeal. The decision went in favour of the Revenue.

Decision: For the same or similar reasons we find no merit in these appeals which are accordingly dismissed.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.
: 1 : IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION 1. INCOME TAX APPEAL (L) NO.672 OF 2007 2. INCOME TAX APPEAL (L) NO.673 OF 2007 3. INCOME TAX APPEAL (L) NO.674 OF 2007 4. INCOME TAX APPEAL (L) NO.676 OF 2007 5. INCOME TAX APPEAL (L) NO.677 OF 2007 (SERIAL NOS.29 TO 33) ------------------------------------------------------- Office Notes, Office Memorandum of coram Court’s or Judge’s orders appearance court orders directions & P.S.orders ------------------------------------------------------- Mr.P.S.Sahadevan for the appellants. Mr.A.K.Jasani for the respondents. Coram : F.I.Rebello & R.S.Mohite,JJ Date : 13.3.2009. PC 1. All these appeals arise from a common order of the Tribunal dated 30.10.2006. In respect of one of the appeals being Income-tax Appeal No.897 of 2007 placing reliance on the judgment of the Supreme Court in Madras Industrial Corporation Ltd., Vs. CIT reported in 225 ITR 802 (SC) the learned bench was pleased to dismiss that appeal. : 2 : 2. For the same or similar reasons we find no merit in these appeals which are accordingly dismissed. (R.S.Mohite,J) (F.I.Rebello,J)
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