In Itxa/5886/2010 Of The Commissioner Of Income Tax -3 Mumbai v. Dsp Merrill Lynch Fund Managers Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is thus dismissed 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 JURISDICTION
INCOME TAX APPEAL (L) NO.2032 OF 2009
The Commissioner of Income Tax
..Appellant.
V/s.
M/s. DSP Merrill Lynch Fund Managers Ltd.
..Respondent.
Mr. Vimal Gupta for appellant.
Mr. A.K. Jasani for respondent.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 26TH AUGUST, 2009.
P.C. :-
1.Heard learned counsel for the rival parties. Office objections are overruled. Registry is directed to register the appeal. Appeal is taken up for admission by consent of the parties.
2.The very same issue was involved in the case of the same assessee in Income Tax Appeal No.1286 of 2008 and by an order dated 10[th ]December, 2008 that appeal came to be dismissed. For the reasons recorded therein, this appeal is also liable to be dismissed for want of substantial question of law. The appeal is thus dismissed with no order as to costs.
(J.P.DEVADHAR, J.)
(V.C.DAGA, J.)
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