In Itxa/2985/2010 Of The Commissioner Of Income Tax - 4 Mumbai v. S.g. Securities, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of the statement made before the Court, the appeals do not raise any substantial question of law and are accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L)NO.2144 OF 2009AND INCOME TAX APPEAL (L)NO.2147 OF 2009
The Commissioner of Income Tax
..Appellant.
V/s.
M/s. S.G. Securities ..Respondent.
Ms. Anamika Malhotra with Suresh Kumar i/b. Vimal Kumar for appellant.Mr. A.K. Jasani for respondent.
CORAM : DR. D.Y.CHANDRACHUD AND J.P.DEVADHAR, JJ.
DATED : 6TH APRIL, 2010
P.C. :-
Learned counsel appearing on behalf of the Revenue states that the issue sought to be raised in the above appeals is covered against the Revenue and in favour of the assessee by the judgment of this Court dated 31st March, 2010 in the case of Commissioner of Income Tax V/s. M/s. B.N. Exports (ITXA NO.2714 of 2009). In view of the statement made before the Court, the appeals do not raise any substantial question of law and are accordingly dismissed.
(J.P.DEVADHAR, J.) (DR. D.Y.CHANDRACHUD, J.)
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