Itxa/650/2013 Of Director Of Income Tax (It) - I v. Carol Info Services Ltd., (Formerly - Wockhardtlife Sciences Ltd.)
High Court
23 Mar 2015 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/650/2013 Of Director Of Income Tax (It) - I v. Carol Info Services Ltd., (Formerly - Wockhardtlife Sciences Ltd.)
Date of order
23 Mar 2015
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/650/2013 Of Director Of Income Tax (It) - I v. Carol Info Services Ltd., (Formerly - Wockhardtlife Sciences Ltd.), the High Court (2015) dismissed the appeal. The decision went in favour of the assessee.
Decision: Based on the answer in favour of the assessee and against the revenue by the said judgment, the appeal has no merits and is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
sas
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.650 OF 2013
Director of Income Tax (IT)-I, MumbaiV/s.
..Appellant.
Carol Info Services Ltd...Respondent.
Mr.Tejveer Singh for the appellant.Mr.Percy Pardiwalla, Senior Advocate with Mr.Atul K.Jasani for the respondent.
CORAM : S.C.DHARMADHIKARI AND A.K. MENON, JJ.
DATED : 23RD MARCH, 2015
P.C. :-
Having heard both sides and finding that the question of law has been answered by a judgment of the Hon'ble Supreme Court in the case of Union of India V/s.
Tata Chemicals Ltd. reported in [2014] 363 ITR 658(SC),
the same cannot be termed as substantial. Based on the answer in favour of the assessee and against the revenue by the said judgment, the appeal has no merits and is dismissed. No order as to costs.
(A.K. MENON, J.) (S.C.DHARMADHIKARI, J.)
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