In The Commissioner Of Income Tax – 23, Mumbai v. Naren Traders & Consultants, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.The appeal is accordingly 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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.4341 OF 2010
The Commissioner of Income Tax – 23, Mumbai
..Appellant.
Versus
Naren Traders & Consultants..Respondent.
Ms.Suchitra Kamble for the appellant.Mr.B.V. Jhaveri for the respondent.
CORAM : J.P. Devadhar &K.K. Tated, JJ.
P.C. :
DATE : 13th September 2011
1.Counsel for the parties state that the questions of law raised in this appeal are covered against the Revenue by the decision of the Apex Court
in the case of Commissioner of Income Tax V/s. Reliance Petroproducts Private Limited reported in (2010) 322 ITR 158 (S.C.).
2.The appeal is accordingly dismissed with no order as to costs.
(K.K. Tated, J.)(J.P. Devadhar, J.)
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