In The Commissioner Of Income Tax – 4, Mumbai v. Red Rose Textiles Industries Private Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is therefore dismissed 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.597 OF 2008
The Commissioner of Income Tax – 4, Mumbai
..Appellant.
Versus
Red Rose Textiles Industries Private Limited..Respondent.
Mr.P.S. Sahadevan for the appellant.
None for the respondent.
CORAM : V.C. DAGA &
J.P. DEVADHAR, JJ.
DATE : 16[th] JUNE, 2009
P.C. :
1.Heard learned counsel for the revenue.
2.He fairly states that the issue sought to be raised in this appeal is covered by the judgment of this Court in the case of CIT V/s. Emptee Poly
Yarn P. Limitedreported in (2008) 305 ITR 309 (Bom). In this view of the matter, no substantial question of law arises in this appeal. The appeal is therefore dismissed with no order as to costs.
(J.P. Devadhar, J.)
(V.C. Daga, J.)
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