In Nma/1558/2009 Of The Commissioner Of Income Tax-City -V, Mumbai v. Essar Investment Ltd, the High Court (2009) 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 BOMBAY
The Commissioner of Income Tax
..Appellant.
M/s.Essar Investment Ltd...Respondent.
Mr.P.S.Sahadevan i/b. Suresh Kumar for appellant.Mr.Atul Jasani for respondent.
P.C. :-
1.Heard learned counsel for the appellant and the
respondent. Perused the affidavit in support of the Notice of Motion. For the reasons stated in the affidavit, Notice of Motion is made absolute in terms of prayer clause (a). Appeal be numbered.
2.Notice of Motion is disposed of accordingly with no order aS to costs.
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue