In Irxa/2/2002 Of The Commissioner Of Income Tax,Mumba,City-Ii v. State Bank Of India, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: All the appeals are dismissed in limini 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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTIONINTEREST TAX APPEAL NO.1 OF 2002ANDINTEREST TAX APPEAL NO.2 OF 2002ANDINTEREST TAX APPEAL NO.3 OF 2002ANDINTEREST TAX APPEAL NO.4 OF 2002ANDINTEREST TAX APPEAL NO.5 OF 2002ANDINTEREST TAX APPEAL NO.6 OF 2002ANDINTEREST TAX APPEAL NO.7 OF 2002ANDINTEREST TAX APPEAL NO.8 OF 2002ANDINTEREST TAX APPEAL NO.9 OF 2002AND INTEREST TAX APPEAL NO.10 OF 2002
The Commissioner of Income Tax
..Appellant.
V/s.
State Bank of India
..Respondent.
Mr. P.S. Sahadevan for appellant.
None for respondent.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 14TH AUGUST, 2009.
P.C. :-
Heard learned counsel for the revenue. He fairly states that the issue sought to be raised in the above appeals in respect of deleting
disallowance of discount payable by the assessee on rediscounting of the bills from chargeable interest is covered against the revenue by virtue of the judgment of this Supreme Court in the case of CIT V/s. Canara Bankreported in [2007] 293 ITR 115 (S.C.). In this view of the matter, no substantial question of law arise in the above appeals. All the appeals are dismissed in limini with no order as to costs.
(J.P.DEVADHAR, J.)
(V.C.DAGA, J.)
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