The Commissioner Of Income Tax-4 v. Angel Capital And Debt Markt Ltd
High Court
28 Feb 2012 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax-4 v. Angel Capital And Debt Markt Ltd
Date of order
28 Feb 2012
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax-4 v. Angel Capital And Debt Markt Ltd, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
srk
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.132 OF 2012
The Commissioner of Income Tax-4
...Appellant
Versus
Angel Capital and Debt Markt Ltd.
...Respondent
Mr.D.A.Athavale for appellant.Mr.Sameer Dalal for respondent.
CORAM: DR.D.Y. CHANDRACHUD & M.S.SANKLECHA, JJ.
February 28, 2012.
P.C.
Not on board. Appeal has been called out on Board by consent of the counsel appearing on behalf of the Revenue and the counsel appearing on behalf of the assessee and has been been taken up having regard to the fact that the issue is covered by the judgment delivered today in a batch of appeals.
The counsel appearing on behalf of the Revenue states that
the question of law which has been raised by the Revenue would stand covered against the Revenue and in favour of the assessee by the judgment delivered today i.e. 28/2/2012 in companion Income Tax Appeal No.89 of 2011 - Commissioner of Income Tax, Central-II, Mumbai Vs. Shreyas S. Morakhia. In the circumstances, no substantial question of law would arise. The appeal is accordingly dismissed. There shall be no order as to costs.
(DR.D.Y. CHANDRACHUD,J.)
(M.S.SANKLECHA, J.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.