In The Commissioner Of Income Tax-3 v. M/S. Vasishtha Tradecom Ltd. )........ Respondant, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 301 OF 2004ALONGWITH INCOME TAX APPEAL NO. 68 OF 2004
The Commissioner of Income tax-3 ).......Appellant
versus
M/s. Vasishtha Tradecom Ltd. )........ Respondant.
Mr. Vimal Gupta i/b Mr. S.S. Sarkar for the Appellant Mr. J.D. Mistry i/b Mr. Raj Darak for the Respondents.
CORAM: SWATANTER KUMAR, C.J., &
A.P. DESHPANDE, J.
DATED: 16TH JULY 2008.
P.C.:
1.The point involved in the present appeal is covered bythe decision of a Division Bench of this court in the case ofCommissioner of Income tax Vs. Lazor Syntex Limited in IncomeTax Application No. 11 of 1999 decided on 11[th] June 2007. Wehave no reason to take any contrary view. The present appealdoes not involve any question of law much less any substantialquestion of law. Hence appeal is dismissed.
CHIEF JUSTICE
A.P. DESHPANDE, J.
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