In The Commissioner Of Income Tax-2 v. M/S Hindustan Pencils Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons stated therein these appeals are also dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The Commissioner of Income Tax-2AppellantVs.M/s Hindustan Pencils Ltd. Respondent
Mr.Vimal Gupta for the appellantMr.Dustoor ,Sr.Counsel a/w Mr.P.J.Pardiwala ,Sr.Counsel and Mr.A.K.Jasani for the respondent
P.C.
CORAM- J.P.DEVADHAR ,AND MRS.MRIDULA BHATKAR,JJ.DATE -21ST FEBRUARY,2011
.Counsel for the revenue states that similar question raised
in I.T.X.A.2339/2009 has been dismissed by this Court today. For the reasons stated therein these appeals are also dismissed.
(Mrs.Mridula Bhatkar,J.)
(J.P.Devadhar,J.)
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