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Itxa/1070/2009 Of The Commissioner Of Income Tax-23 v. M/S Prabhat Industries

High Court 07 May 2009 In favour of: Revenue
Forum / Bench
High Court · newos
Parties
Itxa/1070/2009 Of The Commissioner Of Income Tax-23 v. M/S Prabhat Industries
Date of order
07 May 2009
Assessment year(s)
Outcome
Allowed

Case summary

In Itxa/1070/2009 Of The Commissioner Of Income Tax-23 v. M/S Prabhat Industries, the High Court (2009) allowed the appeal. The decision went in favour of the Revenue.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL (LOD) NO.2488 OF 2007 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (LOD) NO.2488 OF 2007 The Comissioner of Income Tax ..Appellant. V/s. M/s.Prabhat Industries ..Respondent. Mr.Vimal Gupta for appellant. Mr.P.C.Tripathi i/b. A.K.Jasani for respondent. CORAM : V.C.DAGA ANDJ.P.DEVADHAR, JJ. DATED : 7TH MAY, 2009. CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 7TH MAY, 2009. P.C. :- P.C. :- 1. On the motion made by learned counsel for the revenue, he is allowed to withdraw the appeal in view of the Supreme Court judgments in the case ofC.I.T. V/s. Lakshmi Machine Works [(2007) 290 ITR667 (S.C.)] and Hero Exports V/s. C.I.T. [(2007) 295ITR 454 (S.C.)] since the issue sought to be raised 667 (S.C.)] ITR 454 (S.C.)] are covered by the said judgments. 2. Permissible Court fees be refunded. (J.P.DEVADHAR, J.) (J.P.DEVADHAR, J.)(V.C.DAGA, J.) (V.C.DAGA, J.) (J.P.DEVADHAR, J.)
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