In The Commissioner Of Income Tax – 2 v. Mahindra Hinodaya Industries Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is therefore, dismissed in limini 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 1446 OF 2008
The Commissioner of Income Tax – 2,Vs.Mahindra Hinodaya Industries Ltd.
..Appellant
..Respondent
Mr. Vimal Gupta for the Appellant.Mr.Sanjay M. Shah for the Respondent.
P.C.
CORAM :- V.C.DAGA &
J.P. DEVADHAR ,JJ. 23rd June,2009
DATE :
Heard learned counsel for the Revenue. Perused the impugned order passed by the Tribunal. The Tribunal has clearly recorded a finding that on reopening of the assessment the assessee has disclosed all material facts fully and truly and there was no failure on the part of the assessee.
In view of this finding, no substantial question of law is involved in the appeal. The appeal is therefore, dismissed in limini with no order as to costs..
(J.P. DEVADHAR, J.)
(V.C.DAGA,J.)
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