Itxa/1345/2011 Of The Commissioner Of Income Tax -4 Mumbai v. Leebo Metals P. Ltd
High Court
11 Jan 2013 In favour of: Assessee
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Itxa/1345/2011 Of The Commissioner Of Income Tax -4 Mumbai v. Leebo Metals P. Ltd
Date of order
11 Jan 2013
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/1345/2011 Of The Commissioner Of Income Tax -4 Mumbai v. Leebo Metals P. Ltd, the High Court (2013) dismissed the appeal. The decision went in favour of the assessee.
Issue: This Appeal by the revenue has raised the following question of law:- “Whether the activity carried out by the Assessee in making non-ferrous wires from big gauge rods is an activity entitled to deduction u/s.
Decision: Accordingly, appeal is dismissed with no order as to costs.
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 JURISDICTION
INCOME TAX APPEAL NO. 1345 OF 2011
The Commissioner of Income Tax-4, Mumbai..Appellant.V/s.M/s. Leebo Metals P. Ltd...Respondent.
Mr. A. R. Malhotra, for the Appellant.Mr. A. K. Jasani, for the Respondent.
P.C:-
CORAM: J.P.DEVADHAR & M.S.SANKLECHA,JJ.DATE : 11[th] JANUARY, 2013.
This Appeal by the revenue has raised the following question
of law:-
“Whether the activity carried out by the Assessee in
making non-ferrous wires from big gauge rods is an activity entitled to deduction u/s. 801B of the Act?”.
2The Advocate for the appellant and the respondent state that the above question is answered by this Court in the respondent-assessess's
own Case No.ITA No.152 of 2010 by order dated 11[th] January, 2011 in favour of the respondent-assessee and against of the appellant/revenue.
3In view of the above, no occasion to entertain this appeal arises. Accordingly, appeal is dismissed with no order as to costs.
(M.S.SANKLECHA,J.)
(J.P.DEVADHAR,J.)
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