In The Commissioner Of Income Tax – 11, Mumbai v. Dr. Rajesh M. Parikh, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is dismissed accordingly 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 NO.389 OF 2006
The Commissioner of Income Tax – 11, Mumbai..Appellant.
Versus
Dr. Rajesh M. Parikh
..Respondent.
Mr.P.S. Sahadevan for the appellant.
None for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 12TH AUGUST 2009
P.C. :
1.Heard learned counsel for the revenue. He fairly states that the issue sought to be raised in this appeal is squarely 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 dismissed accordingly with no order as to costs.
(J.P. Devadhar, J.)
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