In The Commissioner Of Income Tax-3Mumbai v. Bright Star Investments Pvt. Ltd, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is therefore, 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. 5327 OF 2010
The Commissioner of Income Tax-3Mumbai
versus Bright Star Investments Pvt. Ltd.
..Appellant
..Respondent
--------
Mr. Vimal Gupta for the Appellant.
Mr. Jignesh R. Shah alongwith Mr. P.C. Tripathi for the Respondent.
.............
CORAM : S.J.VAZIFDAR &M.S.SANKLECHA, JJ.
DATED : 08[th] August 2012
P.C. :
Admittedly, the case is covered against the appellant by virtue of the order of this court in 'The Commissioner of Income Tax v. M/s. Castle Investment & Industries Pvt. Ltd.' passed in Income Tax Appeal No. 1557/2007 on 22[nd] July, 2008.
The appeal is therefore, dismissed.
(M.S. SANKLECHA, J.)
(S.J.VAZIFDAR, J.)
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