The Commissioner Of Income Tax-4 v. M/S.spica Elastic Ltd
High Court
18 Jul 2008 In favour of: Unclear
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax-4 v. M/S.spica Elastic Ltd
Date of order
18 Jul 2008
Assessment year(s)
—
Outcome
Other
Case summary
In The Commissioner Of Income Tax-4 v. M/S.spica Elastic Ltd, the High Court (2008) decided the matter.
Decision: No question of law arises.Appeal is, therefore, rejected.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.205 OF 2008
The Commissioner of Income Tax-4...Appellant
vs.
M/s.Spica Elastic Ltd....Respondent.
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Mr.V.G.Gupta, for appellant.
Mr.J.D.Mistry with Mr.Damle i/b. M/s.Kanga & Co., forRespondent.
CORAM: D.K.DESHMUKH & J.P.DEVADHAR, JJ.DATED: 18TH July, 2008.
P.C.:-
1.Perusal of the order of the Tribunal showsthat the Tribunal relying on the fact that for thepurpose of determining leave and licence fees, avaluation report was called and the valuation wasdone by a reputed person, has held that there was noroom to make any deduction from the agreed fee. This
is purely a finding of fact recorded by the tribunalon the material available on record and the inferencehas been drawn by the tribunal on the materialavailable on record. No question of law arises.Appeal is, therefore, rejected.
(D.K.DESHMUKH, J.)
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(J.P.DEVADHAR, J.)
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