M/S. Ultramarine And Pigments Ltd v. Additional Commissioner Of Income Tax
High Court
08 Feb 2011 In favour of: Revenue
Forum / Bench
High Court · newos
Parties
M/S. Ultramarine And Pigments Ltd v. Additional Commissioner Of Income Tax
Date of order
08 Feb 2011
Assessment year(s)
2002-03
Outcome
Dismissed
Case summary
In M/S. Ultramarine And Pigments Ltd v. Additional Commissioner Of Income Tax, the High Court (2011) dismissed the appeal. The decision went in favour of the Revenue.
Decision: For the reasons stated in that appeal, the impugned order of the ITAT dated 16[th ]April, 2009 in ITA Nos.7617/M/2005 relating to the assessment year 2002-03 is quashed and set aside and the matter is restored to the file of ITAT for fresh consideration of questions in accordance with law.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
ast
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.412 OF 2010
M/s. Ultramarine and Pigments Ltd.
Vs.Additional Commissioner of Income Tax
....Appellant
....Respondent.
Mr. Hiro Rai a/w. Mr. S.S.Shetty & Mr. Mandar Vaidya, dvocate for appellant.Ms. Padma Divakar, advocate for respondent.
CORAM:- J.P.DEVADHAR AND MRS.MRIDULA BHATKAR, JJ.
DATED:- FEBRUARY 8, 2011.
P.C.
1.Counsel for the parties state that similar question raised in assessee’s own case being ITXA No. 467 of 2010, has been dismissed by this Court today. For the reasons stated in that appeal, the impugned order of the ITAT dated 16[th ]April, 2009 in ITA Nos.7617/M/2005 relating to the assessment year 2002-03 is quashed and set aside and the matter is restored to the file of ITAT for fresh consideration of questions in accordance with law.
5.Accordingly, Appeal disposed of on the above terms.
(MRS.MRIDULA BHATKAR, J.)
(J.P.DEVADHAR, J.)
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