In Nma/2609/2007 Of The Commissioner Of Income-Tax-4,Mum v. M/S Pnj Polyknits Pvt Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal stand dismissed accordingly.
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 JURISDICTIONNOTICE OF MOTION NO. 2609 OF 2007WITHINCOME TAX APPEAL (L)NO.1495 of 2007The Commissioner of Income Tax-4Mumbai... AppellantV/sM/s PNJ Polyknits Pvt. Ltd. .. RespondentMr.R.Asokan with Mr.P.S.Sahaderan for AppellantNone present for the RespondentCORAM: DR.S.RADHAKRISHNANAND A.P.BHANGALE,JJDATED: JUNE 2, 2008P.C.:-1.Heard the learned Advocate for the Appellant.2. The learned Advocate for the Appellant states thatthe question raised in the above appeal has beenanswered against the revenue by this Court in IncomeTax Appeal No.1393 of 2000 in the matter of TheCommissioner of Income Tax, Bombay City IV, Bombay v/sM/s emptee Poly Yarn Pvt. Ltd. In view of this we do
not think it proper to entertain the above appeal. The
appeal stand dismissed accordingly.
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