In The Case Of Commissioner Of Income Tax v. Hero Exports, 295 Itr 454 (S.c, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.The appeal is therefore, dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1596 OF 2010
The Commissioner of Income Tax – 5, MumbaiV/s.M/s.Gitanjali Exports Corporation Ltd.
....Appellant
....Respondent
Mr.Suresh Kumar for the Appellant.
Mr.S.J. Mehta i/b Mr.S.J. Mehta & A. Vissanji for the Respondent.
CORAM : S.J. VAZIFDAR AND M.S. SANKLECHA, JJ.DATE : 18TH JULY, 2012.
P.C. :-
1.Mr.Suresh Kumar states that the question has been
decided against the appellant by the judgment of the Apex Court in
the case of Commissioner of Income Tax vs. Hero Exports, 295 ITR 454 (S.C.).
2.The appeal is therefore, dismissed.
(M.S. SANKLECHA, J.)
(S.J. VAZIFDAR, J.)
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