In The Commissioner Of Income Tax-3 v. M/S. Bhagirath Traders P.ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.This appeal 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
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 555 OF 2007
The Commissioner of Income Tax-3......
Versus
M/s. Bhagirath Traders P.Ltd.
.....Appellant. ..........Respondent.
Mr. Vimal Gupta for the Appellant. Mr. J. D. Mistry with Mr. Atul Jasani for the Respondent.
CORAM :BILAL NAZKIandA. A. KUMBHAKONI, JJ.DATED :24TH SEPTEMBER, 2008.
P.C.:
We have heard the learned Counsel appearing for the parties. Thethree questions framed in this appeal are squarely covered by the Judgmentof the Supreme Court in Apollo Tyres Ltd. V/s Commissioner of IncomeTax, reported in (2002) 255 ITR 273 followed by the judgment of this Courtin Income Tax Appeal No. 607 of 2005 against the Department. Anotherquestion which is framed as a last question in paragraph 4 of the appeal iscovered by the Judgment of this Court in Income Tax Appeal No. 252 of
2006.
2.This appeal is, accordingly, dismissed.
Sd/-
(BILAL NAZKI, J.)
Sd/-
(A. A. KUMBHAKONI, J.)
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