In The Commissioner Of Income Tax-3Mumbai v. M/S. Indian Rayon & Industries Ltd, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is dismissed as such.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO. O. C. J.
INCOME TAX APPEAL (LODG.) NO.1238 OF 2008
The Commissioner of Income Tax-3Mumbai
..Appellant.
Vs.
M/s. Indian Rayon & Industries Ltd.
..Respondent.
.....
Mr. Vimal Gupta for the Appellant.
Mr. Neeraj Sheth i/b Dave & Girish & Co. for the Respondent.
.....
CORAM : DR.D.Y.CHANDRACHUD &J.P.DEVADHAR, JJ.
P.C. :
25[th] March, 2010.
The registry is directed to register the appeal and the office
objections are waived. Upon the appeal being restored, by consent it has been taken on Board for admission and was called out for hearing.
Counsel appearing on behalf of the Revenue has stated that
in view of the order which has been passed by this Court in ITA(L)
No.1239 of 2008, the present appeal is rendered infructuous. The appeal is dismissed as such.
(Dr. D.Y.Chandrachud, J.)
(J.P. Devadhar, J.)
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