In M/S. Finolex Industries Ltd v. The Dy. Commissioner Of Income Taxand Ors, the High Court (2008) allowed the appeal. The decision went 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION NO.851 OF 2007
IN
INCOME TAX APPEAL (L) NO.2834 OF 2006
M/s. Finolex Industries Ltd.
..Appellant.
Vs.
The Dy. Commissioner of Income taxand ors.
..Respondents.
Mr.Arun Sathe with M.M.Vaidya and P. Naik for theAppellant.
None for the Respondents.
CORAM : F.I. REBELLO & R.S. MOHITE, JJ.DATED : 12TH FEBRUARY,2008.
PC :
filing the appeal stands condoned. Office to number the
appeal and list the same for admission.
this notice of motion they are at liberty to apply for
recall of this order.
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