In Itxa/1376/2010 Of The Commissioner Of Income-Tax-3,Mum v. M/S Industrial Development Bank Of India, the High Court (2009) decided the matter.
Decision: Hence all the appeals stand disposed of with liberty to the Revenue to apply for restoration, if permission is received from COD.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.1027 OF OF 2008 AND INCOME TAX APPEAL NO.1028 OF 2008
The Commissioner of Income Tax
..Appellant.
M/s. Industrial Development Bank of India..Respondent.
Mr.Vimal Gupta for appellant.
None for respondent.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 18TH JUNE, 2009.
P.C. :-
Mr.Vimal Gupta, learned counsel appearing on behalf of the appellant submits that before preferring the above appeals, permission from COD was not obtained. In this view of the matter, the above appeals stand dismissed with liberty to apply for recall of the order, if the appellant receives permission from COD. Hence all the appeals stand disposed of with liberty to the Revenue to apply for restoration, if permission is received from COD.
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