In The Commissioner Of Income-Tax-10 v. M/S.india Photographic Company Ltd, the High Court (2007) allowed the appeal. The decision went in favour of the Revenue.
Issue: Considering that there is no clear cut finding as to whether ITAT agreed with the finding of the Commissioner (Appeals) parties agree that the order be set aside and the matter be remanded back to the Tribunal for fresh decision accordingly.
Decision: Considering that there is no clear cut finding as to whether ITAT agreed with the finding of the Commissioner (Appeals) parties agree that the order be set aside and the matter be remanded back to the Tribunal for fresh decision accordingly.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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MGN
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.823 OF 2004
The Commissioner of Income-tax-10..Appellant
Vs.
M/s.India Photographic Company Ltd.....Respondent
Mr. Vimal Gupta for the Appellant
Mr. S.S.Shetty, for the Respondent
CORAM: F.I.
J.P.DEVADHAR,JJ.
DATED: 24th September,2007
P.C.:
P.C.:
. Considering that there is no clear cut finding as to whether ITAT agreed with the finding of the Commissioner (Appeals) parties agree that the order be set aside and the matter be remanded back to the Tribunal for fresh decision accordingly.
Appeal allowed accordingly. No order as to costs.
(J.P. DEVADHAR, J.) (F.I.REBELLO, J.)
(J.P. DEVADHAR, J.) (F.I.REBELLO, J.)
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