In Itxa/915/2004 Of The Commissioner Of Income-Tax v. Catapharma (India) Pvt. Ltd, the High Court (2006) decided the matter.
Decision: Appeal stands disposed of accordingly with (J.P.DEVADHAR, J.) (V.C.DAGA, J.)
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 915 OF 2004
The Commissioner of Income-tax,Nashik.
V/s.
Catapharma (India) Pvt.Ltd.
... Appellant.
... Respondent.
Shiv Motariya for the appellant.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ.
DATED : 17th July 2006.
P.C. :----
.
The learned counsel for the appellant-
Revenue fairly stated that the question sought to beraised in this appeal is squarely covered by thejudgment of this Court in the case of C.I.T. v.Sudarshan , Chemicals Industries Ltd.(2000) 245 ITR769 (Bom) in favour of the assessee. Accordingly,
the question raised in this appeal is answered in
favour of the assessee and against the revenue.
.
no order as to costs.
Appeal stands disposed of accordingly with
(J.P.DEVADHAR, J.)
(V.C.DAGA, J.)
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