In Itxa/4132/2010 Of The Commissioner Of Income Tax - 1 Mumbai v. The Malad Sahakari Bank 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 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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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.4132 OF 2010
The Commissioner of Income Tax-1, Mumbai
..Appellant.
V/s.
M/s.Malad Sahakari Bank Ltd.
..Respondent.
Mr. Suresh Kumar for the appellant.
Ms. Aarti Sathe with Kalpesh Turalkar for the respondent.
CORAM : J.P. DEVADHAR AND A.R. JOSHI, JJ.
DATED : 5TH DECEMBER, 2011
P.C. :-
Counsel for the parties state that the questions raised in this appeal are covered against the revenue by the decision of this Court in the case of CIT V/s. Mahanagar Co-operative Bank Ltd. [Income Tax Appeal No.123 of 2010] decided on 28/7/2011. For the reasons stated therein, the present appeal is dismissed with no order as to costs.
(A.R. JOSHI, J.)
(J.P. DEVADHAR, J.)
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