In The Commissioner Of Income Tax -1 v. Kumar & Potnis Properties Pvt. Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In view of the matter, the appeal is 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 JDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 2 OF 2011
The Commissioner of Income Tax -1. Vs.
Kumar & Potnis Properties Pvt. Ltd.,
..Appellant.
..Respondent.
Mr. Vimal Gupta for the Appellant.
CORAM : J.P. DEVADHAR AND A.A. SAYED, JJ.
DATE :
19TH APRIL, 2011.
P.C.
1.The Counsel for the Revenue states that the questions raised in this appeal are covered against the revenue and in favour or the assessee by the decision of this Court in the case of Commissioner of Income Tax Vs. Bramha Associates being Tax Appeal No. 1194 of 2010 decided on 22nd February, 2010.
2.In view of the matter, the appeal is dismissed with no order as to costs.
( A.A. SAYED, J. )
(J.P. DEVADHAR, J.)
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