In Itxa/6218/2010 Of The Commissioner Of Income Tax - 7 Mumbai v. M/S. Parental Drugs I Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of the statement, 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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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.6218 OF 2010
The Commissioner of Income Tax-7, Mumbai
..Appellant.
V/s.
M/s. Parental Drugs (I) Ltd.
..Respondent.
Mr. Suresh Kumar for the appellant.
Mr. Satish R. Mody with Ms. Aasifa Khan for the respondent.
CORAM : J.P. DEVADHAR AND A.R. JOSHI, JJ.
DATED : 24TH NOVEMBER, 2011
P.C. :-
Counsel for the revenue states that the questions raised in the appeal are covered in favour of the assessee by the decisions of this Court in the case of CIT V/s. Mrs. Sandhya P. Naik reported in [2002] 253 ITR 534 and in the case of CIT V/s. Mr. Nandlal M. Gandhi [Income Tax Appeal No.899 of 2009] decided on 10[th] August, 2009. In view of the statement, the appeal is dismissed with no order as to costs.
(A.R. JOSHI, J.)
(J.P. DEVADHAR, J.)
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