In Itxa/2477/2010 Of The Commissioner Of Income Tax -3 Mumbai v. Cifco Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons stated therein, the present appeal is also dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.2477 OF 2010
The Commissioner of Income Tax-3
..Appellant.
V/s.
M/s. Cifcol Ltd.
..Respondent.
Ms Anamika Malhotra for the appellant.
Mr. Sameer G. Dalal for the respondent.
CORAM : J.P. DEVADHAR AND A.A.SAYED, JJ.
DATED : 19TH JULY, 2011
P.C. :-
Counsel for the revenue states that similar question raised in the assessee's own case being Income Tax Appeal No.1355 of 2008 and other matters have been dismissed by this Court on 13/2/2009. For the reasons stated therein, the present appeal is also dismissed with no order as to costs.
(A.A. SAYED, J.)
(J.P. DEVADHAR, J.)
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