In The Commissioner Of Income Tax – 4, Mumbai v. M/S.madhav Stock Vision Private Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeals are dismissed accordingly with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1445 OF 2009ANDINCOME TAX APPEAL NO.1446 OF 2009
The Commissioner of Income Tax – 4, Mumbai..Appellant.
Versus
M/s.Madhav Stock Vision Private Limited
..Respondent.
Mr.Vimal Gupta for the appellant.None for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 24TH AUGUST 2009
P.C. :
1.Heard learned counsel for the revenue. He fairly states that the issue sought to be raised in these appeals is squarely covered by the Division Bench judgment of this Court in the case of Commissioner of Income Tax V/s. Walfort Shareand Stock Brokers P.Ltd.reported in [2009] 310 I.T.R. 421.
2.In the light of that, there is no merit in these appeals. The appeals are dismissed accordingly with no order as to costs.
(J.P. Devadhar, J.)
(V.C. Daga, J.)
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