In M/S.prayas Writing Instruments v. Dy. Commissioner Of Income Tax – 24(3) Mumbai & Anr, the High Court (2011) dismissed the appeal. The decision went in favour of the Revenue.
Decision: 2.The appeal is accordingly dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.649 OF 2011
M/s.Prayas Writing Instruments
Versus
Dy. Commissioner of Income Tax – 24(3) Mumbai & Anr.
..Appellant.
..Respondents.
Mr.Jitendra Singh for the appellant.None for the respondents.
CORAM : J.P. Devadhar &A.R. Joshi, JJ.
P.C. :
DATE :
15[th] December 2011
1.Counsel for the appellant – assessee states that the question of law raised in this appeal is covered against the assessee by the decision of the
Supreme Court in the case of Liberty India V/s. Commissioner of Income
Tax reported in (2009) 317 ITR 218 (SC).
2.The appeal is accordingly dismissed with no order as to costs.
(A.R. Joshi, J.)
(J.P. Devadhar, J.)
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