In The Commissioner Of Income Tax-3, Mumbai v. M/S. Cifco Ltd, the High Court (2008) allowed the appeal. The decision went in favour of the Revenue.
Decision: Delay is explained resonablyand sufficiently in the affidavit in support of the Notice of Motion.Consequently, the application for condonation of delay of 56 days infiling the appeal is allowed.
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 JURISDICTIONNOTICE OF MOTION NO.2720 OF 2008
ININCOME TAX APPEAL LODG. NO.1033 OF 2008
The Commissioner of Income Tax-3, Mumbai...Appellant.Vs.
M/s. CIFCO Ltd...Respondent
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Shri Vimal Gupta for the Appellant.Ms P.V. Shukla i/by Shri S.G. Dalal for the Respondent.
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CORAM: SWATANTER KUMAR, CJ & A.P. DESHPANDE, J DATED : 8TH SEPTEMBER, 2008
P.C.
We have heard the learned counsel appearing for theparties. There is no serious objection for condonation of delay of 56days in filing the Income Tax Appeal. Delay is explained resonablyand sufficiently in the affidavit in support of the Notice of Motion.Consequently, the application for condonation of delay of 56 days infiling the appeal is allowed. The delay is condoned. Notice ofMotion accordingly stands disposed of.
2.Appeal to be listed for hearing on admission on 29[th]September, 2008.
CHIEF JUSTICE
A.P. DESHPANDE, J
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