In The Commissioner Of Income Tax – 5, Mumbai v. M/S.indian Organic Chemicals Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is thus 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.1960 OF 2008AND
INCOME TAX APPEAL (L) NO.1961 OF 2008
The Commissioner of Income Tax – 5, Mumbai
..Appellant.
Versus
M/s.Indian Organic Chemicals Limited
..Respondent.
Mr.P.S. Sahadevan for the appellant.None for the respondent.
CORAM : V.C. DAGA &J.P. DEVADHAR, JJ.
DATE : 26[th] JUNE, 2009
P.C. :
1.Heard learned counsel for the revenue.
2.He fairly concedes that the issue sought to be raised in this appeal is squarely covered by the judgment of this Court in the case of BhorIndustries reported in 128 Taxman 626.
3.In this view of the matter, we see no question of law arising out of the order of the tribunal. The appeal is thus dismissed with no order as to costs.
(J.P. Devadhar, J.)(V.C. Daga, J.)
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