The Commissioner Of Income Tax-14 v. M/S.mangal Exports

IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. INCOME TAX APPEAL NO.3003 OF 2010WITH INCOME TAX APPEAL NO.3004 OF 2010WITHINCOME TAX APPEAL NO.3005 OF 2010WITHINCOME TAX APPEAL (LODG.) NO.437 OF 2010WITH INCOME TAX APPEAL (LODG.) NO.439 OF 2010WITH INCOME TAX APPEAL (LODG.) NO.440 OF 2010 The Commissioner of Income Tax-14 ..Appellant. Vs. M/s.Mangal Exports ..Respondent. .... Mr. D.K.Kamwal for the Appellant in IT Appeals 3003, 3004 and 3005 of 2010. Ms.Padma Divakar for the Appellant in ITA(L) Nos.437, 439 and 440 of 2010. Mr. S.C.Tiwari with Ms.Meghana Butala for the Respondent. ..... CORAM : DR.D.Y.CHANDRACHUD & J.P.DEVADHAR, JJ. 29 June 2010. P.C. : Counsel appearing on behalf of the Revenue and counsel appearing on behalf of the assessee are agreed in stating before the Court that the issues which are raised in these appeals by the Revenue under Section 260-A of the Income Tax Act, 1961 are covered in favour of the Revenue and against the assessee by the judgment delivered today by this Court in Commissioner of Income Tax v. Kalpataru Colours and Chemicals (ITA(L) 2887 of 2009). In view of the statement which has been made on behalf of the parties by counsel, we dispose of these appeals in terms of the judgment of this Court in Kalpataru Colours and Chemicals (supra). The Assessing Officer shall upon remand pass fresh orders having due regard to the judgment of this Court in Kalpataru Colours and Chemicals. The appeals are accordingly disposed of. There shall be no order as to costs. (Dr. D.Y.Chandrachud, J.) (J.P. Devadhar, J.)