In The Commissioner Of Income Tax-10 v. M/S Narmada Cement Co Ltd, the High Court (2008) allowed the appeal. The decision went in favour of the Revenue.
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 NO.367 of 2005
The Commissioner of Income Tax-10..Appellant
Vs.
M/s Narmada Cement Co Ltd.. Respondent
Mr.Vimal Gupta with Mr.P.S.Sahadevan for AppellantNone for RespondentCORAM : Dr.S.Radhakrishnan andA.V.Nirgude, JJDATED : 11th June, 2008
P.C.
1. Heard learned counsel for the appellant andlearned counsel for the respondent.
2. Learned counsel for the appellant fairlystated that the issue raised in the above appealis squarely covered in the decision reported in290 ITR 667 SC against the revenue. In viewthereof, learned counsel for the appellant seeksleave to withdraw the above appeal. Appeal isallowed to be withdrawn.
3. Permissible Court fees be refunded as perrules.
{A.V.Nirgude, J)(Dr.S.Radhakrishnan, J)
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