In Itxa/3113/2009 Of The Commissioner Of Income Tax -4 , Mumbai v. Subhkam Securities Pvt Ltd, the High Court (2009) allowed the appeal. The decision went in favour of the Revenue.
Decision: 2.Appeal is allowed for the reasons recorded in our judgment in the case of CIT V/s.
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 JURISDICTIONINCOME TAX APPEAL (L) NO. 777 OF 2009
The Commissioner of Income Tax.
V/s.
M/s.Subhkam Securities Pvt.Ltd.
... Appellant.
... Respondent.
Padma Vibhakar for the appellant.Ms.Preeti Shukla i/b. B.V.Jhaveri for the respondent.
P.C. :-
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ.
DATED : 24[th] September 2009.
1.Heard learned counsel for the parties. Office objections are overruled. Appeal is taken up for hearing by consent of parties.
2.Appeal is allowed for the reasons recorded in our judgment in the case of CIT V/s. M/s. Techno Shares &Stocks Ltd.in Income Tax Appeal (L) No.971 of 2006decided by this Court on 11thSeptember, 2009. Accordingly, the question is answered in favour of the revenue and against the assessee. No order as to costs.
(V.C.DAGA, J.)
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