In M/S.technocraft Industries (India) Limited v. The Commissioner Of Income Tax – 8, Mumbai & Others, 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 (L) NO.964 OF 2011
M/s.Technocraft Industries (India) Limited..Appellant.
Versus
The Commissioner of Income Tax – 8, Mumbai & Others..Respondents.
Ms.Kadambari Surve i/by Mr.Pankaj R. Toprani for the appellant.Mr.Suresh Kumar for the respondent.
CORAM : J.P. Devadhar &K.K. Tated, JJ.
P.C. :
DATE : 13th September 2011
1.Counsel for the parties fairly state that the questions of law raised in this appeal are covered against the appellant – assessee by the decision of this Court in the case of Commissioner of Income Tax V/s. Kalpataru Colours & Chemicals reported in (2010) 328 ITR 451 (Bom.).
2.The appeal is accordingly dismissed with no order as to costs.
(K.K. Tated, J.)
(J.P. Devadhar, J.)
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