In Itxa/4914/2010 Of The Commissioner Of Income Tax-16, Mumbai v. M/S.shreenath Enterprises, Mumbai, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, the appeals are 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.4906 OF 2010 ANDINCOME TAX APPEAL NO.4914 OF 2010
The Commissioner of Income Tax-16, Mumbai
..Appellant.
V/s.
M/s. Shreenath Enterprises
..Respondent.
Mr. Suresh Kumar for the appellant.
None for the respondent.
CORAM : J.P. DEVADHAR AND
A.A.SAYED, JJ.
DATED : 19TH JULY, 2011
P.C. :-
Counsel for the revenue fairly states that the questions sought to be raised in the appeals are covered against the revenue by
the decision of this Court in the case of CIT V/s. Walfort Share and Stock Brokers P. Ltd. reported in [2009] 310 I.T.R. 421. In this view of the matter, the appeals are dismissed with no order as to costs.
(A.A. SAYED, J.)
(J.P. DEVADHAR, J.)
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