In The Commissioner Of Income Tax-1 v. The Indian Plywood Mfg. Co.pvt. Ltd, the High Court (2010) decided the matter.
Decision: The appeal is accordingly disposed of.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
O. O. C. J.
INCOME TAX APPEAL (LODG.) NO.966 OF 2009
The Commissioner of Income Tax-1..Appellant.Vs.
The Indian Plywood Mfg. Co.Pvt. Ltd...Respondent.
....
Mr. Suresh Kumar for the Appellant.Mr. Atul K. Jasani for the Respondent.
....
CORAM : DR. D.Y.CHANDRACHUD &J.P. DEVADHAR, JJ.
8[th] January, 2010.
P.C.:
The Tribunal has passed a common order in coming to the
conclusion that there was no concealment of the material facts or particulars by the assessee.
The office objections are waived. The facts of this case are
similar to those in Income Tax Appeal 2445 of 2009. Learned counsel on both the sides are agreed that the case would be governed
by the order passed in the companion appeal. For the reasons already
indicated by this Court while disposing of the companion appeal, no
substantial question of law arises in this appeal. The appeal is accordingly disposed of.
(Dr. D.Y.Chandrachud, J.)
(J.P. Devadhar, J.)
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