In The Commissioner Of Income Tax – 12, Mumbai v. M/S.diamond Tools Products, 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.939 OF 2009
The Commissioner of Income Tax – 12, Mumbai
..Appellant.
Versus
M/s.Diamond Tools Products, Mumbai
..Respondent.
Ms.Suchitra Kamble for the appellant.None 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. He fairly states that issue sought to be raised in the appeal is covered by the Division Bench judgment of this Court in Income Tax Appeal No.114 of 2009 decided on9/2/2009 in the case of Director of Income Tax (International Taxation)V/s. M/s.Oman International Bank SAOG (unreported).
2.In the light of that, there is no merit in this appeal. The appeal is thus dismissed with no order as to costs.
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue