In Itxa/3480/2010 Of The Ciommissioner Of Income-Tax-3,Mum v. M/S Spelbound Trading Co Pvt Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, the appeal is 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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1 itxa3480-10
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.3480 OF 2010
The Commissioner of Income Tax-3, Mumbai
..Appellant.
V/s.
M/s. Spellbound Trading Co. Pvt. Ltd.
..Respondent.
Mr. Vimal Gupta for the appellant.
Mr. J.D. Mistri, senior Advocate with P.C. Tripathi and Raj Darak for the respondent.
CORAM : J.P. DEVADHAR AND
A.A.SAYED, JJ.
DATED : 22ND JULY, 2011
P.C. :-
Counsel for the parties state that the questions raised in the
appeal are covered against the revenue by the decision of the Apex Court in the case of Apollo Tyres Ltd. V/s. CIT reported in [2002] 255 ITR 273. In this view of the matter, the appeal is dismissed with no order as to costs.
(A.A. SAYED, J.)
(J.P. DEVADHAR, J.)
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