In The Commissioner Of Income Tax-10 v. M/S. Il & Fs Venture Corporation Ltd, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, the Appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
SSM
IN THE HIGH COURT OF JUDICATURE OF BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION NO. 2422 OF 2010
WITH
INCOME TAX APPEAL (St.) NO. 2066 OF 2008
The Commissioner of Income Tax-10
.... Appellant
VERSUS
M/s. IL & FS Venture Corporation Ltd.
.... Respondent
Mr. J. S. Saluja for Appellant.Mr. S. G. Dalal for Respondent.
CORAM:J. P. DEVDHAR, J.R. M. SAVANT, J.DATED:DECEMBER 13, 2010.
P.C.:
1.This notice of motion is filed seeking condonation of delay
of 48 days in filing the appeal. By consent, the delay condoned. The notice of motion is disposed off accordingly.
2.The Counsel for the revenue states that the questions
raised in this appeal are covered against the revenue by the decision of the Apex Court in case of T.R.F. Ltd V/s. Commissioner of
SSM
Income Tax reported in (2010) 323 ITR 397 against the Revenue. In
this view of the matter, the Appeal is dismissed.
(R. M. SAVANT, J)
(J. P. DEVDHAR, J)
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