In Itxa/6065/2010 Of The Commissioner Of Income Tax -14 Mumbai v. Indo German Laboratories, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the appeal is 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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1 itxa6065-10
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.6065 OF 2010
The Commissioner of Income Tax-14, Mumbai
..Appellant.
V/s.
M/s. Indo German Laboratories
..Respondent.
Mr. Suresh Kumar for the appellant.
Mr. Kirit Hakani i/b. Ayar R. Singh for the respondent.
CORAM : J.P. DEVADHAR AND
K.K. TATED, JJ.
DATED : 17TH OCTOBER, 2011
P.C. :-
Counsel for the appellant revenue states that the question sought to be raised in this appeal is covered against the revenue by the decision of this Court in the case of CIT V/s. ACE Builders P. Ltd. reported in [2006] 281 ITR 210 (Bom). Accordingly, the appeal is dismissed with no order as to costs.
(K.K. TATED, J.)
(J.P. DEVADHAR, J.)
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