In Itxa/760/2011 Of Thecommissioner Of Income Tax - 8 Mumbai v. Gemplusjewellery India Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is, therefore, 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.760 OF 2011
The Commissioner of Income Tax-8, Mumbai
..Appellant.
V/s.
M/s. Gemplus Jewellery India Ltd.
..Respondent.
Mr. Suresh Kumar for the appellant.
Ms. A. Vissanji with S.J. Mehta for the respondent.
CORAM : J.P. DEVADHAR AND
K.K. TATED, JJ.
DATED : 21ST OCTOBER, 2011
P.C. :-
Counsel for the parties state that the question raised in this appeal is covered against the revenue by the decision of this Court in the case of CIT V/s. Gem Plus Jewellery India Ltd. reported in [2011] 330 ITR 175 (Bom). The appeal is, therefore, dismissed with no order as to costs.
(K.K. TATED, J.)
(J.P. DEVADHAR, J.)
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