Tax v. Dr. D.y.chandrachud, J

IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. INCOME TAX APPEAL NO.1464 OF 2007WITHINCOME TAX APPEAL NO.1465 OF 2007 The Commissioner of Income Tax Vs.M/s. Krishna Lifestyle Technologies Ltd. ..Appellant...Respondent. WITHINCOME TAX APPEAL NO.1470 OF 2007 The Commissioner of Income Tax..Appellant. Vs.M/s. KSL & Industries Ltd. ..Respondent. .... Mr. Suresh Kumar for the Appellant.Mr. P.J. Pardiwala, Senior Advocate with Mr. S.G. Lakhani for the Respondent. .... CORAM : DR. D.Y.CHANDRACHUD & J.P. DEVADHAR, JJ. P.C.: 25[th] March, 2010. Counsel appearing on behalf of the Revenue and counsel appearing on behalf of the assessee are agreed in stating before the Court that the question which has been formulated in the present appeals would be covered against the Revenue in terms of the decision rendered today by this Court in The Commissioner of Income Tax v. Eskay K’N’IT (India) Ltd. (ITA 184 of 2007). In view of the statement made and for the reasons indicated in the order of the Court in the aforesaid appeal, the question of law is answered against the Revenue and in favour of the assessee. The appeals are accordingly dismissed. (Dr. D.Y.Chandrachud, J.) (J.P. Devadhar, J.)