In Ita/2/2006 Of Comnr,Income Tax v. U.c.bank Ltd, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of the submission as made above, this appeal is dismissed in terms of the order dated 26.03.2009 passed in ITA No.195 of 2004. ....
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
ITA No.02 of 2006
27.02.2017 It is submitted by learned counsel for the Revenue that similar challenge has been made by the Revenue Department before this Honble Court in ITA No.195 of 2004 and the said appeal has been rejected by this Court vide order dated 26.03.2009.
In view of the submission as made above, this appeal is dismissed in terms of the order dated 26.03.2009 passed in ITA No.195 of 2004.
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I. Mahanty, J.
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Biswajit Mohanty, J.
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