In The Commissioner Of Gift Tax v. M/S.standard Industries Ltd, 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
NOTICE OF MOTION NO.2501 OF 2007ININCOME TAX APPEAL (L) NO.1355 OF 2007
The Commissioner of Gift TaxVs.
M/s.Standard Industries Ltd.
..Appellant
..Respondent
Mr.P.S.Sahadevan for the Appellant.None for the Respondent.
CORAM :- DR.S.RADHAKRISHNAN &J.P.DEVADHAR,JJ.
DATE : 10TH APRIL, 2008
P.C.
Motion is made absolute in terms of prayer clause (a).
(J.P.DEVADHAR,J.) (DR.S.RADHAKRISHNAN,J.)
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