In The Commissioner Of Income Tax-3, Mumbai v. M/S. Vark Properties Pvt. Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: V/sCommissioner of Income Tax,reported in [2007] 289 ITR 83 (SC).Accordingly, the appeal is dismissed.
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. 98 OF 2007
The Commissioner of Income Tax-3,Mumbai..............Appellant. VersusM/s. Vark Properties Pvt. Ltd.. ........Respondent.
Mr. Vimal Gupta with Mr. P. S. Sahadevan for the Appellant.Mr. Atul Jasani with Mr. P. C. Tripathi for the Respondent.
CORAM :BILAL NAZKIandA. A. KUMBHAKONI, JJ.
DATED :22ND JULY, 2008.
P.C.:
It is submitted that the questions framed in this appeal are covered by
the judgment of the Supreme Court in Virtual Soft Systems Ltd. V/sCommissioner of Income Tax,reported in [2007] 289 ITR 83 (SC).Accordingly, the appeal is dismissed.
Sd/-
(BILAL NAZKI, J.)
Sd/-
(A. A. KUMBHAKONI, J.)
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