In Itxa/5847/2010 Of The Commissioner Of Income Tax - 4 Mumbai v. Yashasvi Yarns Pvt. Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is, therefore, dismissed in limini with no order as to costs.
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 JURISDICTIONINCOME TAX APPEAL (L) NO.2398 OF 2009
The Commissioner of Income Tax
..Appellant.
V/s.
M/s. Yashasvi Yarns Pvt. Ltd.
..Respondent.
Mr. Vimal Gupta for appellant.
Ms.Vasanti B. Patel for respondent.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 17TH NOVEMBER, 2009.
P.C. :-
1.Heard learned counsel for the revenue. Office objections are overruled. Registry is directed to register the appeal. At the instance of the revenue, appeal is taken up for admission.
2.Heard learned counsel for the revenue. Learned counsel for the revenue fairly states that the issue sought to be raised in the appeal is covered by the Division Bench judgment of this Court in the case of CIT V/s.Emptee Poly-Yarn P. Ltd. reported in [2008] 305 I.T.R. 309 (Bom). In this view of the matter no substantial question of law arise in this appeal. The appeal is, therefore, dismissed in limini with no order as to costs.
(J.P.DEVADHAR, J.)
(V.C.DAGA, J.)
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