In Itxa/812/2011 Of The Commissioner Of Income Tax -14 v. Hindustan Essential Oil Co, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons stated therein, the present appeals are also 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.674 OF 2011ANDINCOME TAX APPEAL NO.812 OF 2011
The Commissioner of Income Tax-14, Mumbai
..Appellant.
V/s.
M/s. Hindustan Essential Oil & Co.
..Respondent.
Mr. D.K. Kamwal for the appellant.
Mr. Jitendra Jain with Jas Sanghavi i/b. PDS Legal for the respondent.
CORAM : J.P. DEVADHAR AND A.R. JOSHI, JJ.DATED : 13TH JANUARY, 2012
P.C. :-
Counsel for the parties state that similar question raised by the revenue in the assessee’s own case being Income Tax Appeal No.
348 of 2011 has been dismissed by us today i.e. 13[th] January, 2012. For the reasons stated therein, the present appeals are also dismissed with no order as to costs.
(A.R. JOSHI, J.)
(J.P. DEVADHAR, J.)
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