In The Commissioner Of Income Tax – 7, Mumbai v. Viraj Impex Private Limited, Mumbai, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly 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.2453 OF 2009
The Commissioner of Income Tax – 7, Mumbai
..Appellant.
Versus
Viraj Impex Private Limited, Mumbai
..Respondent.
Mr.Suresh Kumar for the appellant.Mr.Pankaj R. Toprani for the respondent.
CORAM : Dr.D.Y. Chandrachud & J.P. Devadhar, JJ.
DATE : 11[th] March, 2010.
P.C. :
1.The learned Counsel appearing on behalf of the Revenue states on instructions that the valuation which has been arrived at by the Tribunal is
acceptable to the Revenue. In this view of the matter, it is not necessary to entertain the appeal which would not raise any substantial question of law. The appeal is accordingly dismissed. There shall be no order as to costs.
(J.P. Devadhar, J.)
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