In Itxa/279/2004 Of The Commissioner Of Income-Tax,Mumbai. City-Iv v. M/S Arya Shipbreaking Co. Pvt.ltd, the High Court (2005) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view thereof, the appeal stands dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.279 OF 2004
The Commissioner of Income Tax
Mumbai City IV, Mumbai .. Appellant.
V/s.
M/s.Arya Shipbreaking Co.Pvt.Ltd... Respondent.
Mr.Pankaj Kapoor with Ms.S.V. Bharucha for the
appellant.
Mr.A.R. Singh for the respondent.
CORAM : S. RADHAKRISHNAN &
J.P. DEVADHAR, JJ.
DATED : 31ST JANUARY, 2005.
P.C.
Heard learned counsel for the appellant and
the respondent.
2. The learned counsel for the appellant conceded
that the issue involved in the present appeal is
squarely covered by the judgment of this Court in the
case of Ship Scrap Traders & Ors. V/s. CIT [251 ITR
Ship Scrap Traders & Ors. V/s. CIT [251 ITR806].
806].
3. In view thereof, the appeal stands dismissed.
(S. RADHAKRISHNAN. J.)
2
(J.P. DEVADHAR, J.)
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