In The Commissioner Of Income Tax – 10, Mumbai v. M/S.brescon Share & Stock Brokers P. Limited, Mumbai, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is thus 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 (L) NO.2024 OF 2008
The Commissioner of Income Tax – 10, Mumbai
..Appellant.
Versus
M/s.Brescon Share & Stock Brokers P. Limited, Mumbai..Respondent.
Mr.Vimal Gupta with Mr.P.S. Sahadevan for the appellant.Mr.K. Gopal with Mr.Jitendra Singh for the respondent.
CORAM : V.C. DAGA &J.P. DEVADHAR, JJ.
DATE : 26[th] JUNE, 2009
P.C. :
1.Heard learned counsel for the revenue. The question of law sought to be raised in this appeal is covered by the Division Bench judgment of this Court in the case of Commissioner of Income Tax V/s. Walfort Shareand Stock Brokers P.Ltd.reported in [2009] 310 I.T.R. 421.
2.In the light of that, there is no merit in this appeal. The appeal is thus dismissed with no order as to costs.
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