In The Commissioner Of Income Tax-7 v. M/S.siemens Ltd, the High Court (2014) decided the matter.
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
NOTICE OF MOTION NO.526 OF 2011
ININCOME TAX APPEAL NO.6170 OF 2010
…
The Commissioner of Income Tax-7vs.M/s.Siemens Ltd.
...Applicant
...Respondent
…
Mr.Sureshkumar for the Applicant.Mr.P.C.Tripathi i/b Atul K. Jasani for the Respondent.
...
CORAM : S.C.DHARMADHIKARI &
A.A. SAYED, JJ.
DATED : 12 DECEMBER 2014
P.C.
Having heard both sides and perusing the affidavit in
support and the reply, we are of the view that on account of circumstances set out in the affidavit, the explanation for the delay can be safely termed as reasonable and bonafide. The delay deserves to be condoned. The Motion is made absolute in terms of prayer clause (a).
(A.A. SAYED, J.)
(S.C.DHARMADHIKARI,J.)
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