In Maker Tower ‘H’ Co-Op. Hsg. Soc. Ltd v. Income Tax Officer, Ward-13(7), Mumbai, the High Court (2010) decided the matter.
Decision: In view of the statement which has been made in agreed terms as noted above, this Appeal shall stand disposed of and the questions of law shall stand answered in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO. O. C. J.INCOME TAX APPEAL NO.166 OF 2005
Maker Tower ‘H’ Co-op. Hsg. Soc. Ltd.
..Appellant.
Vs.
Income Tax Officer, Ward-13(7), Mumbai ..Respondent.
....
Mr. Niraj Sheth with Mr. Atul K. Jasani for the Appellant.Mr. P.S. Sahadevan for the Respondent.
.....CORAM : DR.D.Y.CHANDRACHUD &J.P.DEVADHAR, JJ.
2 August 2010.
P.C. :
Counsel appearing on behalf of the assessee and counsel appearing on behalf of the Revenue are agreed in stating before the Court that the questions of law which have been formulated in the appeal will be covered against the Revenue and in favour of the assessee by the judgment of a Division Bench of this Court in Sind Co-operative Housing Society v. Income Tax Officer[1]. In view of the statement which has been made in agreed terms as noted above, this Appeal shall stand disposed of and the questions of law shall stand answered in favour of the assessee.
There shall be no order as to costs.
(Dr. D.Y.Chandrachud, J.)
(J.P. Devadhar, J.)
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