In Itxa/54/2007 Of Zandu Pharmarmaceutical Works Ltd v. The Commissionr Of Income-Tax-Vii, the High Court (2012) allowed the appeal. The decision went in favour of the assessee.
Decision: The appeals are accordingly allowed but with no order as to cost.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.46 OF 2007 WITHINCOME TAX APPEAL NO.54 OF 2007 WITHINCOME TAX APPEAL NO.57 OF 2007 WITHINCOME TAX APPEAL NO.58 OF 2007
Zandu Pharmaceuticals Works Ltd.V/s.
The Commissioner of Income Tax-VII, Mumbai
....Appellant
....Respondent
Ms.Asifa Khan for the Appellant.Mr.Suresh Kumar for the Respondent.
CORAM : S.J. VAZIFDAR AND
M.S. SANKLECHA, JJ.
DATE : 12TH SEPTEMBER, 2012.
P.C. :-
1. The parties agree that the result in these appeals must follow the result in Income Tax Appeal No.8 of 2007, which we have by a separate order passed today.
2. The appeals are accordingly allowed but with no order as
to cost.
(M.S. SANKLECHA, J.) (S.J. VAZIFDAR, J.)
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