The Cit v. Silkina Trading Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1120 OF 2008 INCOME TAX APPEAL NO.1120 OF 2008 The CIT .. Appellant Vs. Silkina Trading Ltd. .. Respondent Mr.Vimal Gupta for the Appellant. Mr.J.D.Mistri with Mr.Raj Darak for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. DATE : 19th September, 2008 DATE : 19th September, 2008 P.C. P.C. P.C. 1. Heard the learned Counsel for the parties. The learned Counsel for both the parties categorically state that the question of law raised in this Appeal is squarely covered against the Revenue and in favour of the Assessee by the judgment of the Division Bench of this Court in the case of CIT V/s.Lazor Syntex Limited CIT V/s.Lazor Syntex Limitedpassed in Income Tax Application No.11 of 1999 on 11thJune, 2007. In view thereof, and for the same reasons passed in Income Tax Application No.11 of 1999 on 11th June, 2007. as recorded in the aforesaid order dated 11th June, 2007 passed in Income Tax Application No.11 of 1999, the present Appeal being ITXA No.1120 of 2008 stands dismissed. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)