In Mumbai v. Mahalaxmi Chemical Work, the High Court (2016) decided the matter.
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(IT) NO. 1485 OF 2011
The Commissioner Of Income Tax - 23
Mumbai
V/S
Mahalaxmi Chemical Work
....Appellants
....Respondent
CORAM : M.S. SANKLECHA &S.C. GUPTE, JJDATE : 24th August, 2016
P.C. : Not before the Bench of which His Lordship Justice M SSanklecha is a member.
Office to act accordingly.
( ASSOCIATE )
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