In Itxa/16/2015 Of Commissioner Of Income Tax-2 v. The Tata Power Co. Ltd, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.In view of the above and for the reasons recorded in the order dated 7[th] July, 2015 in Income Tax Appeal No.1560 of 2013, the present appeal also stands dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 16 OF 2015
Commissioner of Income Tax-2v/s.
The Tata Power Co. Ltd.
.. Appellant
.. Respondent
Mr. Suresh Kumar for the appellant
Mr. Mandar Vaidya a/w Mr. Shrihari Iyer for the respondent
P.C.
CORAM : S.V. GANGAPURWALA & G.S. KULKARNI, J.J.
DATED : 8[th] JUNE, 2017
1.The present appeal relates to Assessment Year 2001-02.
2.The learned Counsel for the appellant fairly concedes that in
respect of similar issue and same assessee for A.Y. 1997-98, the department had filed Income Tax Appeal No.1560 of 2013 and the same has been dismissed on 7[th] July, 2015.
3.In view of the above and for the reasons recorded in the order
dated 7[th] July, 2015 in Income Tax Appeal No.1560 of 2013, the present appeal also stands dismissed. No costs.
(G.S. KULKARNI, J.)
(S.V. GANGAPURWALA, J.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue