In M/S.parklight Investments Pvt.ltd v. Commissioner Of Income Taxiv In Civil Appeal, the High Court (2010) dismissed the appeal. The decision went in favour of the Revenue.
Decision: The appeal is, therefore, dismissed for want of substantial question of law with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (LDG.) NO. 47 OF 2010
The Commissioner of Income Tax.
... Appellant.
M/s.Parklight Investments Pvt.Ltd.... Respondent.
Vimal Gupta for the appellant.
None for the respondent.
CORAM :V.C.DAGA AND R.M.SAVANT, JJ.DATED : 18[th] October 2010.
P.C.:
Heard learned counsel for the appellant- Revenue, who fairly states that the issue involved in this appeal is squarely covered by the judgment of the Apex Court in the case of Techno Shares & Stocks Ltd. v. Commissioner of Income TaxIV in Civil Appeal No.77807781 of 2010 decided on 9[th] September, 2010. in favour of assessee and against the Revenue. The appeal is, therefore, dismissed for want of substantial question of law with no order as to costs.
(R.M.SAVANT, J.) (V.C.DAGA J.)
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