In The Commissioner Of Income Tax - 1, Thane v. M/S.shree Ashapura Construction, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, both the appeals are 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.1797 OF 2010ANDINCOME TAX APPEAL (L) NO.1798 OF 2010
The Commissioner of Income Tax - 1, Thane
Versus
M/s.Shree Ashapura Construction
..Appellant.
..Respondent.
Mr.Suresh Kumar for the appellant.None for the respondent.
CORAM : J.P. Devadhar & Smt.R.S. Dalvi, JJ.
P.C. :
DATE : 22[nd] March, 2011.
1.Counsel for the Revenue fairly states that the questions of law raised in these appeals are covered against the Revenue and in favour of the
assessee by the decision of this Court in the case of Commissioner of Income
Tax V/s. Brahma Associates reported in (2011) 51 DTR 298 (Bom.).
2.In this view of the matter, both the appeals are dismissed with no order as to costs.
(Smt.R.S. Dalvi, J.)
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