In Petrosil Oil Company Ltd v. The Joint Commissioner Of Income Tax The Commissioner Of Income Tax, the High Court (2008) allowed 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.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYIN APPEAL UNDER SECTION 260A OF THE INCOME TAX ACT,1961
TAX APPEAL NO.IT 488 of 2000WITHTAX APPEAL NO. IT 489 OF 2000
Petrosil Oil Company Ltd.
: Appellant
v/sThe Joint Commissioner of Income TaxThe Commissioner of Income tax : Respondent
Mr.Sameer Chitnis i/b CR. Bayley & co. for appellantMr.B.M. Chatterji a/w Mr. Ram B. Upadhyay forrespondent
Mr. K.K. Mahajan joint Commissioner of IT present
Coram : Dr.S. Radhakrishnan
S.J. Kathawalla, JJ.
Date: 29.7.2008
P.C..
In both the above appeals heard learned
withdrawn as such. Permissible court fees be refunded
to the appellant as per the rules.
(S.J. Kathawalla,J.) (Dr.S. Radhakrishnan,J.)
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