Itxa/179/2012 Of The Commissioner Of Income Tax -Iv v. Weikfild Products Co (I) Pvt. Ltd

sas IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.179 OF 2012 The Commissioner of Income Tax-IV, Pune ..Appellant. V/s. Weikfield Products Co. (I) ..Respondent. Mr. Vimal Gupta, senior Advocate for the appellant.None for the respondent. CORAM : J.P. DEVADHAR AND M.S. SANKLECHA, JJ. DATED : 21ST JANUARY, 2013 P.C. :- 1.In this appeal filed by the revenue relating to assessment year 2006-07, the basic issue which arises for our consideration is, whether in the facts and circumstances of the case, the Tribunal was right in setting aside the disallowance under Section 14A / 36(1)(iii) of the Income Tax Act, 1961 ? 2. Since the Tribunal has followed the decision of this Court in the matter of CIT V/s. Reliance Utility and Power Ltd. reported in [2009] 313 ITR 349 (Bom) while restoring the matter to the Assessing Officer to decide afresh keeping in view the decision of the Reliance Utility and Power Ltd. (supra), we see no reason to entertain the proposed question of law. Accordingly, the appeal is dismissed with no order ast costs. (M.S. SANKLECHA, J.) (J.P. DEVADHAR, J.)