In Itxa/2529/2011 Of The Commissioner Of Income Tax -4 Mumbai v. Amu Shares And Securities 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 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 (LOD) NO.2444 OF 2010
The Commissioner of Income Tax-4, Mumbai
..Appellant.
V/s.
Amu Shares and Securities Ltd.
..Respondent.
Mr. Vimal Gupta for the appellant.
Mr. Atul K. Jasani for the respondent.
CORAM : J.P. DEVADHAR AND A.A. SAYED, JJ.
DATED : 21ST OCTOBER, 2011
P.C. :-
Counsel for the parties state that the question raised by the revenue in this appeal is covered against the revenue by the judgment of this Court in the case of CIT V/s. M/s. Kotak Securities Ltd. [Income Tax Appeal No.3111 of 2009] decided by us today i.e. 21st October, 2011. For the reasons stated therein, the present appeal is dismissed with no order as to costs.
(A.A. SAYED, J.)
(J.P. DEVADHAR, J.)
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