In Itxa/6505/2010 Of The Commissioner Of Income Tax - 4, Mumbai v. M/S. First Global Stock Broking P Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Both the appeals are, therefore, dismissed in limini 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.787 OF 2009
The Commissioner of Income Tax
V/s.
M/s. First Global Stock Broking P. Ltd.
..Appellant.
..Respondent.
Ms. Padma Divekar for appellant.Ms. Aasifa Khan for respondent.
AND
INCOME TAX APPEAL (L) NO.791 OF 2009
The Commissioner of Income Tax
V/s.
M/s. Gandhi Securities & Investment Pvt. Ltd.
..Appellant..Respondent.
Mr.Vimal Gupta for appellant.None for respondent.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ.
DATED : 20TH JULY, 2009.
P.C. :-
Heard learned counsel for the revenue and the respondent. Learned counsel for the revenue fairly states that the issue sought to be raised in the above appeal is covered by the Division Bench judgment of this Court in the case of CIT V/s. Walfort Share and Stock Brokers P. Ltd.reported in [2009] 310 I.T.R. 421. In this view of the matter no substantial question of law arise in these appeals. Both the appeals are, therefore, dismissed in limini with no order as to costs.
(J.P.DEVADHAR, J.) (V.C.DAGA, J.)
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