In The Commissioner Of Income Tax-7 v. M/S. Stream International Services Pvt. Ltd, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Issue: Whether there was a splitting up or reconstruction of business is a question of fact.
Decision: The Appeal by the revenue 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 BOMBAYO. O. C. J.
INCOME TAX APPEAL NO.2464 OF 2009
The Commissioner of Income Tax-7..Appellant.
Vs.M/s. Stream InternationalServices Pvt. Ltd.
..Respondent.
....
Mr. Suresh Kumar for the Appellant.None for the Respondent.
....
CORAM : DR. D.Y.CHANDRACHUD &J.P. DEVADHAR, JJ.
P.C.:
8[th] January, 2010.
The Income Tax Appellate Tribunal has confirmed the finding of the CIT (A) that there was no splitting up or reconstruction
of a business already in existence. Whether there was a splitting up or reconstruction of business is a question of fact. No substantial question of law arises. The Appeal by the revenue is accordingly dismissed.
(Dr. D.Y.Chandrachud, J.)
(J.P. Devadhar, J.)
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