In The Commissioner Of Income Tax-3 Mumbai v. M/S. Indian Rayon & Industries Ltd, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of the statement, the present appeal does not raise any substantial question of law and is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
O. O. C. J.
INCOME TAX APPEAL (LODG.) NO.1240 OF 2008
The Commissioner of Income Tax-3Mumbai..Appellant.
Vs.M/s. Indian Rayon & Industries Ltd.
..Respondent.
.....
Mr. Vimal Gupta for the Appellant.Mr. Neeraj Sheth i/b Dave & Girish & Co. for the Respondent.
.....
CORAM : DR.D.Y.CHANDRACHUD &J.P.DEVADHAR, JJ.
P.C. :
25[th] March, 2010.
The registry is directed to register the appeal and the office
objections are waived. Upon the appeal being restored, by consent it has been taken on Board for admission and was called out for hearing.
Counsel appearing on behalf of the Revenue and the
assessee are agreed in stating before the Court that the issue which has been raised in the appeal on behalf of the Revenue would stand
concluded against the Revenue in view of the order which has been
passed today by this Court in ITA(L) No.1239 of 2008. In view of the statement, the present appeal does not raise any substantial question of law and is accordingly dismissed.
(Dr. D.Y.Chandrachud, J.)
(J.P. Devadhar, J.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue