In The Cit-5 Mumbai v. M/S.ronak Gems Pvt.ltd.,Mumbai, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Consequently, appeal stands dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
K.J. IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.11 OF 2009
The CIT-5 Mumbai )..Appellant
Vs.
M/s.Ronak Gems Pvt.Ltd.,Mumbai )..Respondents
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Mr.R.Ashokan for the appellant.
Mr.A.K.Jasani for the respondents.
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Coram : F.I.Rebello & R.S.Mohite,JJ
Date : 19.3.2009.
PC
1. Considering the findings recorded by the
Tribunal and section 273 (2) (b) of the Income-tax Act, in our opinion, question of law as framed would not arise. Consequently, appeal stands dismissed.
(R.S.Mohite,J) (F.I.Rebello,J)
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