In The Commissioner Of Income Tax – 5, Mumbai v. Varun Shipping Company Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.For the reasons stated therein, both the appeals are 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 NO.6034 OF 2010
AND
INCOME TAX APPEAL NO.6035 OF 2010
The Commissioner of Income Tax – 5, Mumbai..Appellant.
Versus
Varun Shipping Company Limited
..Respondent.
Mr.Suresh Kumar for the appellant.Mr.Jitendra Jain with Mr.Jas Sanghvi i/by PDS Legal for the respondent.
CORAM : J.P. Devadhar &K.K. Tated, JJ.
P.C. :
DATE : 28[th] September 2011
1.Counsel for the parties state that the questions of law raised by
the Revenue in these appeals are covered against the Revenue by the decision
of this Court in assessee’s own case, being Income Tax Appeal No.1042 of
2008 decided on 22[nd] September 2008.
2.For the reasons stated therein, both the appeals are dismissed with no order as to costs.
(K.K. Tated, J.)
(J.P. Devadhar, J.)
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