Ita/194/2000 Of The Commissioner Of Income Tax v. Lona Industries Ltd
High Court
22 Aug 2005 In favour of: Assessee
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Ita/194/2000 Of The Commissioner Of Income Tax v. Lona Industries Ltd
Date of order
22 Aug 2005
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Ita/194/2000 Of The Commissioner Of Income Tax v. Lona Industries Ltd, the High Court (2005) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is dismissed with no order as to costs.
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
INCOME TAX APPLICATION NO.194 OF 2000
The Commissioner of Income-tax,
Mumbai City-III, Mumbai .. Petitioner.
V/s.
M/s.Lona Industries Ltd. .. Respondent.
Dr.P. Daniel with Mr.G. Hariharam i/b. R.N.
Bandopadhyay for the petitioner.
CORAM : V.C. DAGA &
J.P. DEVADHAR, JJ.
DATED : 22ND AUGUST, 2005.
DATED : 22ND AUGUST, 2005.
DATED : 22ND AUGUST, 2005.
P.C. :
1. The learned counsel appearing for the
revenue has fairly pointed out that during the
pendency of the appeal, the Apex Court has decided
the issue against the revenue in the case of CIT V/s.
CIT V/s.Indo Nippon Chemical Co. Ltd. [(2003) 261 ITR 275(S.C.)].
Indo Nippon Chemical Co. Ltd. [(2003) 261 ITR 275
(S.C.)].
2. In that view of the matter, no substantial
question of law is involved in this appeal. The
appeal is dismissed with no order as to costs.
(V.C. DAGA, J.)
2
(J.P. DEVADHAR, J.)
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