In M/S. Sabara Impex Limited v. Assistant Commissioner Ofincome Tax, Circle-1(3),Mumbai& Anr, 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 JURISDICTIONINCOME TAX APPEAL NO.439 OF 2002
M/s. Sabara Impex Limited
: Petitioner
v/s
Assistant Commissioner ofIncome Tax, Circle-1(3),Mumbai& anr.
: Respondent
Mr. S.P. Kanuga i/b Ms. Sapna Math for Appellant
Mr. Vimal Gupta i/b Mr. P.S. Sahadevan for forrespondent
Coram : Dr. S. RadhakrishnanS.J. Kathawalla, JJ.
Date : 1.9.2008
P.C.
answered in favour of the assessee and against the
revenue.
(S.J. Kathawalla,J.)
(Dr. S.Radhakrishnan,J.)
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