In The Commissioner Of Income-Tax – 4, Mumbai v. M/S.ricolene Syntex Private Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is 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 (L) NO.1878 OF 2009
The Commissioner of Income-tax – 4, Mumbai..Appellant.
Versus
M/s.Ricolene Syntex Private Limited
..Respondent.
Mr.Ram Upadhyay for the appellant.None for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 6TH AUGUST 2009
P.C. :
1.Heard learned counsel for the revenue. He fairly states that the question as framed in this appeal is covered by the judgment of this Court in the case of CIT V/s. Emptee Poly-Yarn P. Limited reported in [2008] 305 ITR 309 (Bom)against the revenue.
2.In the light of that, there is no merit in this appeal. The appeal is dismissed accordingly with no order as to costs.
(J.P. Devadhar, J.)
(V.C. Daga, J.)
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