In Itxa/3399/2010 Of The Commissioner Of Income Tax -4 Mumbai v. Daga Fibres Pvt. Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons stated therein, the present appeal is also dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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1 itxa3399-10
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.3399 OF 2010
The Commissioner of Income Tax-4, Mumbai
..Appellant.
V/s.
M/s. Daga Fibres Pvt. Ltd.
..Respondent.
Mr.Vimal Gupta for the appellant.
Mr. Sudhakar G. Lakhani for the respondent.
CORAM : J.P. DEVADHAR AND
K.K. TATED, JJ.
DATED : 16TH AUGUST, 2011
P.C. :-
Counsel for the parties state that similar questions raised by the revenue in the assessee's own case in Income Tax Appeal No.2928 of 2010 has been dismissed by this Court on 23/6/2011. For the reasons stated therein, the present appeal is also dismissed.
(K.K. TATED, J.)
(J.P. DEVADHAR, J.)
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