In The Commissioner Of Income-Tax-5Mumbai v. M/S. Pranik Shipping & Services Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: Dmt 2.In this view of the matter, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Dmt
dmt
IN THE HIGH COURT OF JDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 230 OF 2010
The Commissioner of Income-Tax-5Mumbai...Appellant.
Vs.
M/s. Pranik Shipping & Services Ltd.,
..Respondent.
Mr. Suchitra Kamble for the Appellant.Mr. Vachan Bodhe i/by Chitnis Vaithy & Co. for Respondent.
CORAM : J.P. DEVADHAR AND A.A. SAYED, JJ.
DATE : 6TH JULY, 2011.
P.C.
Counsel for the Revenue states that the questions raised
in this appeal are covered against the Revenue by the decision of this
Court in the case of Gal Offshore Services Limited vs. Commissioner of Income Tax reported in 2009 (Supp) Bom. C.R. 755.
Dmt
2.In this view of the matter, the appeal is dismissed. No
order as to costs.
( A.A. SAYED, J. )
(J.P. DEVADHAR, J.)
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