The Cit Mumbai City-I v. Mr.r.muralidhar I/By Rajesh Shah & Co. For The
High Court
04 Feb 2008 In favour of: Unclear
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The Cit Mumbai City-I v. Mr.r.muralidhar I/By Rajesh Shah & Co. For The
Date of order
04 Feb 2008
Assessment year(s)
—
Outcome
Other
The order — as passed by the High Court
Case summary
In The Cit Mumbai City-I v. Mr.r.muralidhar I/By Rajesh Shah & Co. For The, the High Court (2008) 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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.54 OF 2001
The CIT Mumbai City-I ..Appellant
Versus
M/s.Asian Cables & Industries Ltd.,.Respondent
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Mr.A.S.Rao for the appellant.
Mr.R.Muralidhar i/by Rajesh Shah & Co. for the
respondent.
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Coram : F.I.Rebello & R.S.Mohite,JJ
Coram : F.I.Rebello &
R.S.Mohite,JJ
Date : 4.2.2008
PC
1. Admit, on the questions of law as formulated in
paragraph-5 of the memo of appeal.
2. In so far as question no.1 is concerned, the
issue is covered by the judgment of this Court in
M/s.Ocean Carier Ltd.,
M/s.Ocean Carier Ltd., reported in 211 ITR 357. The
said judgment has been confirmed by the Supreme
Court in 278 ITR 546 and the question answered in
favour of revenue.
3. In so far as question no.2 is concerned, the
same is answered in favour of the assessee by the
judgment reported in 261 ITR 275. Appeal stands
disposed off accordingly.
(R.S.Mohite,J) (F.I.Rebello,J)
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