In Itxa/3248/2010 Of The Commissionr Of Incometax-Ceentral -1,Mum v. M/S Eagle Freight Forwaders Pvt Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: Since the revenue has already challenged theorder of the Tribunal and according to the Revenue, theadditions have to be made on substantive basis in the block assessment year, we see no merit in the appeal.Appeal is dismissed. .
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL (L) NO.642 OF 2007The Commissioner of Income Tax,Central-I, Mumbai 400 020...Appellantv/sM/s Eagle Freight Forwarders Pvt.Ltd.,Mumbai 400 001 ...Respondents
Mr Vimal Gupta for Appellant.Mr J.D. Mistry i/b M/s Mulla and Mulla and CraigieBlunt and Caroe for Respondents.
CORAM : D.K. DESHMUKH AND J.P. DEVADHAR JJ.DATE : 5TH SEPTEMBER 2008
P.C.-
1.
Admittedly, the appeal filed by the assessee
against the block assessment where additions were madeon substantive basis has already been dismissed fordefault. Since the revenue has already challenged theorder of the Tribunal and according to the Revenue, theadditions have to be made on substantive basis in the
block assessment year, we see no merit in the appeal.Appeal is dismissed.
.
Parties to act on the copy of this order duly
authenticated by the Associate / Private Secretary ofthe Court.
.
Certified copy is expedited.
( D.K. DESHMUKH J.)
( J.P. DEVADHAR J.)
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