In The Commissioner Of Income Tax – 7, Mumbai v. M/S.vibhuti Investments Company Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.The appeal is accordingly 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.810 OF 2011
The Commissioner of Income Tax – 7, Mumbai..Appellant.
Versus
M/s.Vibhuti Investments Company Limited..Respondent.
Mr.N.A. Kazi for the appellant.Mr.Atul K. Jasani for the respondent.
CORAM : J.P. Devadhar & K.K. Tated, JJ.
P.C. :
DATE : 18[th] August, 2011.
1.Objections waived. Counsel for the parties state that the question of law raised in this appeal is covered against the Revenue by the decision of this Court in the case of Godrej & Boyce Manufacturing Company Limited V/s. ACIT reported in 328 ITR 381.
2.The appeal is accordingly dismissed with no order as to costs.
(K.K. Tated, J.)
(J.P. Devadhar, J.)
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