In The Commissioner Of Income Tax – 5, Mumbai v. Shukra Jewellery Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.For the reasons stated therein, the present appeal is also dismissed.
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 NO.6809 OF 2010
The Commissioner of Income Tax – 5, Mumbai..Appellant.
Versus
Shukra Jewellery Limited..Respondent.
Mr.N.A. Kazi for the appellant.Mr.Jitendra Jain i/by Mr.Atul K. Jasani for the respondent.
CORAM : J.P. Devadhar &K.K. Tated, JJ.
P.C. :
DATE : 19[th] October 2011
1.Counsel for the parties state that similar question raised by the Revenue in the assessee’s own case, being Income Tax Appeal No.983 of 2007 relating to assessment year 1996-1997 has been dismissed by this Court.
2.For the reasons stated therein, the present appeal is also dismissed.
(K.K. Tated, J.)(J.P. Devadhar, J.)
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