In Itxa/3895/2010 Of The Commissioner Of Income Tax - 17 Mumbai v. Indian Steel Corpn. Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, 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.
sas
1 itxa3895-10
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.3895 OF 2010
The Commissioner of Income TaxCentral-IV, Mumbai
..Appellant.
V/s.
M/s. Indian Steel Corpn. Ltd.
..Respondent.
Mr. Suresh Kumar with Ms. Padma Divakar for the appellant.
Dr. Daniel with V.S. Hadade for the respondent.
CORAM : J.P. DEVADHAR AND A.R. JOSHI, JJ.
DATED : 29TH NOVEMBER, 2011
P.C. :-
Counsel for the parties state that the questions raised in this
appeal are covered against the revenue by the decision of the Apex Court in the case of CIT V/s. Lovely Exports (P) Ltd. reported in [2008] 216 CTR 195 (S.C.). Accordingly, the appeal is dismissed with no order as to costs.
(A.R. JOSHI, J.)
(J.P. DEVADHAR, 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