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The Commissioner Of Income Tax-3,Mumbai v. M/S.shangrila Investment & Trading

High Court 01 Dec 2010 In favour of: Assessee

Forum / Bench

High Court · newos

Parties

Date of order

01 Dec 2010

Assessment year(s)

—

Outcome

Dismissed

Case summary

In The Commissioner Of Income Tax-3,Mumbai v. M/S.shangrila Investment & Trading, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.

Decision: For reasons stated therein, the present appeal is dismissed.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 283 OF 2003 The Commissioner of Income Tax-3,Mumbai vs. M/s.Shangrila Investment & Trading Co.Pvt.Ltd. ...Appellant ...Respondent Mr.Vimal Gupta i/b. Devki Iyer for the Appellant. Mr.J.D. Mistry, Senior Counsel with Mr.P.C. Tripathi i/b. Mr.Raj Dara for the Respondent. Mr.J.D. Mistry, Senior Counsel with Mr.P.C. Tripathi CORAM : J.P. DEVADHAR AND MRIDULA BHATKAR, JJ. DATED : DECEMBER 1, 2010 P.C. :- The learned Counsel for the parties state that the questions raised in this appeal are covered against the Revenue by the decision of this Court in the case of The Commissioner of Wealth Tax , City III, Mumbai Vs. M/s.Akshya Textiles Trading & Agencies Pvt. Ltd. (Wealth Tax Appeal No.313/2003). For reasons stated therein, the present appeal is dismissed. (MRIDULA BHATKAR, J.) (J.P. DEVADHAR, J.)

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