In The Commissioner Of Income Tax – 1, Mumbai v. M/S.polyofins Industries Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.For the reasons stated therein, the present appeal is also dismissed with no order as to costs.
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.5548 OF 2010
The Commissioner of Income Tax – 1, Mumbai..Appellant.
Versus
M/s.Polyofins Industries Limited..Respondent.
Mr.Vimal Gupta for the appellant.Mr.Ajit Shah i/by Mr.Shrihari M. Iyer for the respondent.
CORAM : J.P. Devadhar &
Smt.R.P. Sondurbaldota, JJ.
P.C. :
DATE : 1[st] July, 2011.
1.Counsel for the parties state that similar questions raised by the
Revenue in the assessee’s own case being Income Tax Appeal No.3897 of 2010 have been dismissed by this Court on 16[th] June 2011.
2.For the reasons stated therein, the present appeal is also dismissed with no order as to costs.
(Smt.R.P. Sondurbaldota, J.)
(J.P. Devadhar, J.)
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