In Itxa/587/2011 Of The Commissioner Of Income Tax - 20 Mumbai v. Jasica Impex, the High Court (2010) decided the matter.
Decision: 2.Appeal is disposed of in terms of this order 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (LDG.) NO. 1430 OF 2010
The Commissioner of Income Tax.
... Appellant.
V/s.
M/s.Jasica Impex.
... Respondent.
A.S.Shivsharan for the appellant.
Balasaheb G. Yewale for the respondent.
CORAM :V.C.DAGA AND R.M.SAVANT, JJ.DATED : 18[th] October 2010.
P.C.:
Both parties agree that issues involved in this appeal are covered by the judgment of this Court in the case of C.I.T. v.Kalpataru Colours & Chemicals, (2010) 192 Taxman 435 (Bom.). In this view of the matter, proceedings are remitted back to the Assessing Officer with direction to dispose it of in accordance with law in the light of the judgment of this Court in the case of Kalpataru Colours & Chemicals (supra). 2.Appeal is disposed of in terms of this order with no order as to costs.
(R.M.SAVANT, J.) (V.C.DAGA J.)
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