In Itxa/6753/2010 Of The Commissioner Of Income Tax 7, Mumbai v. M/S. Ultramarine And Pigments Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, for the reasons stated therein, the present Appeal is also dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
PGK
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
Income Tax Appeal No.6753 of 2010
The Commissioner of Income-tax-7v/s.M/s.Ultramarine & Pigments Ltd.
... Appellant
... Respondent
Mr.J.S. Saluja for Appellant.
Mr.Hiro Pai with Mr.S.S.Shetty and Mr.Mandar Vaidya for Respondent.-----
CORAM : J.P. DEVADHAR &
SMT.ROSHAN DALVI, JJ.
DATED : 8[th] March 2011
P.C. :
1.Counsel for the parties state that a similar question was raised in the assessee�s own case i.e. in Income Tax Appeal (L) No.3338 of 2008 and it has been dismissed by this Court on 8[th] July 2009.
2.In this view of the matter, for the reasons stated therein, the present Appeal is also dismissed.
(SMT.ROSHAN DALVI, J.)
(J.P. DEVADHAR, J.)
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