In The Commissioner Of Income Tax - 20, Mumbai v. M/S.deepal Corporation, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, the appeal is dismissed 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.5751 OF 2010
The Commissioner of Income Tax - 20, Mumbai..Appellant.
Versus
M/s.Deepal Corporation..Respondent.
Mr.Suresh Kumar for the appellant.Mr.P.C. Tripathi with Mr.A.K. Sharma for the respondent.
P.C. :
CORAM : J.P. Devadhar & Smt.R.S. Dalvi, JJ. DATE : 22[nd] March, 2011.
1.Counsel for the Revenue fairly states that the questions of law raised in this appeal are squarely covered against the Revenue by the decision
of the Apex Court in the case of Commissioner of Income Tax V/s. Wallfort Shares & Stock Brokers P. Limited reported in 326 ITR 1 (SC).
2.In this view of the matter, the appeal is dismissed with no order as to costs.
(Smt.R.S. Dalvi, J.)
(J.P. Devadhar, J.)
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