In Itxa/681/2009 Of The Commissioner Of Income Tax-4 , Mumbai v. Shri Nagarmal Saraf, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is, 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.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.681 OF 2009
The Commissioner of Income Tax
..Appellant.
V/s.
Shri Nagarmal Saraf
..Respondent.
Mr. Vimal Gupta for appellant.
None for respondent.
CORAM : J.P. DEVADHAR AND R.M. SAVANT, JJ.
DATED : 15TH NOVEMBER, 2010
P.C. :-
1.Counsel for the Revenue fairly states that the question sought to be raised in this appea is decided against the Revenue by the decision of the Apex 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 this appeal. The appeal is, therefore, dismissed in limini with no order as to costs.
(R.M. SAVANT, J.)
(J.P. DEVADHAR, J.)
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