In Itxa/3655/2010 Of The Commissioner Of Income-Tax v. M/S Garware Synthetics P.ltd, the High Court (2007) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION NO.1878 OF 2004
WITH
INCOME TAX APPEAL (L) NO.673 OF 2004
The Commissioner of Income Tax .. Applicant.
V/s.
M/s.Garware Synthetics P. Ltd. .. Respondent.
Mr.Ashok Kotangale for the applicant.
Mr.A.K. Jasani with Mr.P.Y. Vaidya for the
respondent.
CORAM : F.I. REBELLO &
J.P. DEVADHAR, JJ.
DATED : 9TH JULY, 2007.
P.C. :
1. On instructions, learned Counsel for the
Applicant seeks leave to withdraw the Notice of
Motion along with the Appeal. The notice of motion
is dismissed as also the Appeal.
2. We make it clear that the question of law has
not been answered and left open for consideration in
appropriate proceedings.
3. Refund of Court Fee as per rules.
4. Certified Copy expedited.
2
(J.P. DEVADHAR, J.) (F.I. REBELLO, J.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue