In The Commisioner Of Income Tax v. M/S.balkrishna Industries Ltd, the High Court (2007) 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.322 OF 2001
The Commisioner of Income Tax....Appellant
Versus
M/s.Balkrishna Industries Ltd. ..Respondent
Mr. A.D. Kango, for the AppellantMr. F.V. Irani with Mr.A.K. Jasani for respondent
CORAM : F.I. REBELLO&R.S. MOHITE, JJ.DATED : 17TH DECEMBER 2007
P.C.
.Appeal was preferred on the sole ground that thejudgment of this Court in Indo Nippon Chemicals Co. Ltd.vs. Commissioner of Income-tax was to be contested before
the Supreme Court.
confirmed. In the light of that the question as raised
would not arise. Appeal disposed of accordingly.
(R.S.MOHITE, J.)
(F.I.REBELLO, J)
REBELLO, J)
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