In Nma/740/2004 Of The Commissioner Of Income-Tax,4 v. M/S Meghraj Stock Broking Pvt.ltd, the High Court (2007) 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 JURISDICTIONNOTICE OF MOTION NO.740 OF 2004ININCOME TAX APPEAL (L) NO.2118 of 2004The Commissioner ofIncome Tax 4.. ApplicantvsM/s Meghraj Stock Broking Pvt.Ltd .. RespondentMr.R.Asokan, APP for ApplicantNone for RespondentCORAM : DR.S.RADHAKRISHNAN &V.C.DAGA, JJDATE : 5th June, 2007P.C.1. Heard learned counsel for the appellant. NOneappeared for the respondent though served. By thisNotice of motion the appellant is seekingcondonation of delay in filing the above appeal.Perused the Notice of Motion and the affidavit insupport thereof. For the reasons stated thereinsufficient cause is made out for condoning thedelay in filing the above appeal. There is no casefor inaction, negligence or want of bonafide on thepart of the applicant.
2. Hence, Notice of motion is made absolute interms of prayer clause (a).
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