In Itxa/813/2011 Of The Commissioner Of Income Tax -4 Mumbai v. M.r. Share Broking Pvt Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the appeals are 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.1877 OF 2009 AND
INCOME TAX APPEAL (LOD) NO.1879 OF 2009
The Commissioner of Income Tax-4
..Appellant.
V/s.
M/s. M.R. Share Broking 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 questions raised in these two appeals are covered against the revenue by the
decision of the Apex Court in the case of Techno Shares and Stocks Ltd. V/s. Commissioner of Income-tax reported in [2010] 327 I.T.R. 323 (SC). Accordingly, the appeals are dismissed with no order as to costs.
(MRS. MRIDULA BHATKAR, J.)
(J.P. DEVADHAR, J.)
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