In M/S.texport (India), Mumbai v. Commissioner Of Income Tax – Xxi, Mumbai, the High Court (2011) dismissed the appeal. The decision went in favour of the Revenue.
Decision: 2.In this view of the matter, both the appeals are 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.638 OF 2011ANDINCOME TAX APPEAL (L) NO.639 OF 2011
M/s.Texport (India), Mumbai ..Appellant.
Versus
Commissioner of Income Tax – XXI, Mumbai
..Respondent.
Ms.Vairale Pradnya for the appellant.None for the respondent.
CORAM : J.P. Devadhar & A.A. Sayed, JJ.
P.C. :
DATE : 8[th] August, 2011.
1.Counsel for the appellant – assessee states that the questions of law raised in these appeals are covered against the assessee by the decision of
this Court in the case of Commissioner of Income Tax V/s. Kalpataru
Colors and Chemicals reported in (2010) 328 ITR 451 (Bom).
2.In this view of the matter, both the appeals are dismissed with no order as to costs.
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