In The Commissioner Of Income Tax – 7, Mumbai v. M/S.shree Ram Mills 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 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.6046 OF 2010
The Commissioner of Income Tax – 7, Mumbai..Appellant.
Versus
M/s.Shree Ram Mills Limited
..Respondent.
Mr.Suresh Kumar for the appellant.
Mr.Rahul Hakani with Mr.Ajay R. Singh and Mr.P.S. Savla 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 similar question raised in the assessee’s own case, being Income Tax Appeal No.4044 of 2010 has been rejected by this Court on 8[th] July 2011.
2.For the reasons stated therein, the present appeal is also
dismissed with no order as to costs.
(K.K. Tated, J.)
(J.P. Devadhar, J.)
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