In Itxa/3229/2009 Of The Commissioner Of Income Tax -2 Mumbai v. M/S. Sanghvi Woods Pvt Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons state 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.3229 OF 2009
The Commissioner of Income Tax-2, Mumbai
..Appellant.
V/s.
M/s. Sanghvi Woods Pvt. Ltd.
..Respondent.
Mr. Vimal Gupta for the appellant.
Mr. S.E. Dastur with Mr. P.J. Pardiwala, senior Advocates with Madhur Agarwal with A.K. Jasani for the respondent.
CORAM : J.P. DEVADHAR AND K.K. TATED, JJ.
DATED : 26TH SEPTEMBER, 2011
P.C. :-
Counsel for the parties state that similar questions raised by the revenue in the case of CIT V/s. Hardik Paints Pvt. Ltd. [Income Tax Appeal No.2727 of 2009] and CIT V/s. Hindustan Pencil Ltd. [Income Tax Appeal No.2338 of 2009 with Income Tax Appeal No.2339 of 2009] have been dismissed by this Court by orders dated 21/2/2011. For the reasons state therein, the present appeal is also dismissed with no order as to costs.
(K.K. TATED, J.)
(J.P. DEVADHAR, J.)
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