In The Commissioner Of Income Tax-3 v. Premier Ltd, the High Court (2010) allowed the appeal. The decision went in favour of the Revenue.
Decision: The 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
O. O. C. J.
INCOME TAX APPEAL (LODG.) NO.2862 OF 2009
The Commissioner of Income Tax-3..Appellant.Vs.
Premier Ltd...Respondent.
....
Mr. Vimal Gupta for the Appellant.Mr. K. Gopal with Mr. Jitendra Singh for the Respondent.
.....
CORAM : DR.D.Y.CHANDRACHUD & J.P.DEVADHAR, JJ.
P.C. :
10 June 2010.
The Tribunal has noted that in Assessment Year 2003-04 the Revenue had itself allowed the claim of the assessee on account of the VAN project as being of a revenue nature for the expansion of the
business of the assessee. The Revenue has accepted the position for
Assessment Year 2003-04 The view of the Tribunal for Assessment Year 2004-05 would be justified. No substantial question of law would arise. The appeal is accordingly dismissed.
(Dr. D.Y.Chandrachud, J.)
(J.P. Devadhar, J.)
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