In The Commissioner Of Income Tax - 2 v. Otis Elevator Co. (I) Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: As such, the appeal is 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. 113 OF 2007
The Commissioner of Income Tax - 2 ...Appellant
Versus
OTIS Elevator Co. (I) Ltd. ...
Respondents.
Mr. Vimal Gupta for the Appellant
None for the Respondent.
CORAM:B ILAL NAZKI
and
A.A. KUMBHAKONI, JJ.
DATE: JULY 28, 2008
P.C.:-
It is stated at the Bar that the question raised in this appeal is
squarely covered and is answered against the Revenue by a judgment
of the Supreme Court reported in 290 ITR 667. As such, the appeal is
dismissed.
BILAL NAZKI, J.
A.A. KUMBHAKONI, J.
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