In Nma/130/2019 Of Commissioner Of Income Tax (Exemptions) Mumbai v. Bharat Diamond Bourse, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Priya Soparkar
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION NO. 130 OF 2019
IN
INCOME TAX APPEAL NO.1186 OF 2016
Pr.Commissioner of Income Tax-2
… Applicant/Appellant
V/s.
Bharat Diamond Bourse… Respondent
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Mr.Suresh Kumar for the Appellant.
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CORAM : AKIL KURESHI AND
M.S.SANKLECHA, JJ.
DATE : FEBRUARY 14, 2019.
P.C.:-
1.None for the respondent though service completed.
2.This notice of motion is taken out for restoration of theIncome Tax Appeal which was dismissed for non-prosecution.Request for restoration is granted. Order dated 3[rd] January, 2019dismissing the appeal for non-prosecution is recalled. Income Taxappeal is restored to file. Notice of motion disposed of.
(M.S.SANKLECHA,J.) (AKIL KURESHI,J.)
….
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