Messrs Ami Gems v. V.c.daga,J

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.415 OF 2001 Messrs Ami GemsVs.The Income Tax Officer Ward 20(1)Mr.A.K.Jasani for the Appellant.Mr.B.M.Chatterjee with Mrs.P.P.Bhosale for theRespondent. ..Appellant ..Respondent CORAM :- DR.S.RADHAKRISHNAN &V.C.DAGA, JJ.DATE : 26TH JUNE, 2007 P.C.1.Heard the learned Counsel for the parties. Inthe above Appeal, the following substantial questionof law is sought to be raised:Whether on the facts and in the circumstancesof the case the Tribunal was justified in lawin holding that reassortment charges were notincludible in the business profits forcomputation of deduction under Section 80 HHCof the Act?2.For the reasons stated in the Income TaxApplication No.12 of 2001, the above question of lawis answered in favour of the Assessee and against theRevenue. The Appeal is allowed accordingly. (V.C.DAGA,J.) (V.C.DAGA,J.) (V.C.DAGA,J.) (DR.S.RADHAKRISHNAN,J.)