In The Commissioner Of Income Tax-13 v. J. K. Budhwani, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: Following the said order, both these appeals are dismissed.
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. 492 OF 2006
The Commissioner of Income Tax-13.VersusJ. K. Budhwani.
.....Appellant. ..........Respondent.
-: ALONG WITH :-
INCOME TAX APPEAL NO. 457 OF 2006
The Commissioner of Income Tax-13......Appellant. VersusJ. K. Budhwani. ..........Respondent.
Ms. Anamika Malhotra for the Appellant.
Mr. J. D. Mistry with Mr. Atul Jasani & Mr. P.C.Tripathifor the Respondent.
CORAM :BILAL NAZKIandA. A. KUMBHAKONI, JJ.DATED :20TH AUGUST, 2008.
P.C.:
Learned Counsel appearing for the parties submitted across the Barthat the questions like the questions raised in these appeals were also thequestions considered by another Bench of this Court in Income Tax AppealNo. 25 of 2002 and the appeal has been finally dismissed by an order dated13[th] August, 2008. Following the said order, both these appeals are
dismissed.
2.The other cases being Income Tax Appeal Nos. 367/2002, 588/2002 to
601/2002 and 610/2002 to 615/2002 are de-linked from the above appealsand to be placed after two weeks.
Sd/-
(BILAL NAZKI, J.)
Sd/-
(A. A. KUMBHAKONI, J.)
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