The Cit-Tds v. M/S.united Storage & Tank Terminals Ltd
High Court
03 Mar 2008 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Cit-Tds v. M/S.united Storage & Tank Terminals Ltd
Date of order
03 Mar 2008
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Cit-Tds v. M/S.united Storage & Tank Terminals Ltd, the High Court (2008) dismissed 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.
KJ IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.139 OF 2005
The CIT-TDS ..Appellant
Versus
M/s.United Storage & Tank Terminals Ltd..Respondent
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Mr.P.S.Sahadevan for the appellant.
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Coram : F.I.Rebello & R.S.Mohite,JJ
Coram : F.I.Rebello & R.S.Mohite,JJ
Coram : F.I.Rebello & R.S.Mohite,JJ
Date : 3rd March 2008.
PC
1. The learned Tribunal relied on the judgment of
the Supreme Court in Municipal Corporation of
Greater Bombay V/s. Indian Oil Corporation Ltd.,
reported in 1991 CTR 135 (SC) and distinguished the
judgment of the Supreme Court in CIT V/s. Gwalior
Rayons Silk Manufacturing Co.Ltd., reported in 196
ITR 149.
2. The issue arose out of payment of storage
charges paid for the rent of storage tank.
3. Considering the finding recorded by the Tribunal
and judgment of the Supreme Court, the question of
law as framed would not arise and consequently
appeal dismissed.
(R.S.Mohite,J) (F.I.Rebello,J)
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