In The Commissioner Of Income-Tax - 21 v. New India Co-Op.hsg.society Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, since the questions raised in these appeals are covered against the Revenue, both the appeals are 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 (Lodging) No. 898 of 2011WITH
INCOME TAX APPEAL (Lodging) No. 900 of 2011
The Commissioner of Income-tax - 21
... Appellant.
Versus
New India Co-op.Hsg.Society Ltd ..
...Respondent.
Mr Murtaza M. Najmi for the appellant.Mr B.G.Yewale with Sanjiv Shah for the respondent.
CORAM : J.P. Devadhar & A.R. Joshi, JJ.
DATE : 9[th] November,2011.
P.C. :-
Counsel for the Revenue states that the questions raised in these appeals are covered against the Revenue by the decisions of this Court in the case of Sind Co-
operative Housing Society Ltd vs. Income Tax Officer reported in (2009) 317 ITR 47 and Mittal Court Premises Co-operative Society Ltd vs. Income Tax Officer reported in (2010) 320 ITR 414. In this view of the matter, since the questions raised in these appeals are covered against the Revenue, both the appeals are dismissed with no order as to costs.
(A.R.Joshi,J)
(J.P.Devadhar,J.)
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