In Itxa/809/2011 Of The Commissioner Of Income Tax - 4 Mumbai v. Arcdia Share And Stock Brokers Pvt Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons stated therein, the present appeal is also dismissed 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(LOD) NO.2594 OF 2009
The Commissioner of Income Tax-4
..Appellant.
V/s.
Arcadia Share & Stock Brokers Pvt. Ltd...Respondent.
Mr. Vimal Gupta for appellant.None for respondent.
CORAM : J.P. DEVADHAR AND MRS. MRIDULA BHATKAR, JJ.
DATED : 22ND FEBRUARY, 2011
P.C. :-
1.Counsel for the revenue fairly states that the question sought to be raised in the appeal is covered against the revenue by the decision of this Court in Income Tax Appeal (Lod) No.1915 of 2007 [The
Commissioner of Income Tax V/s. M/s. Star Chemicals (Bombay) P. Ltd.] decided on 27/2/2008. For the reasons stated therein, the present appeal is also dismissed with no order as to costs.
(MRS. MRIDULA BHATKAR, J.)
(J.P. DEVADHAR, J.)
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