In The Commissioner Of Income Tax-7 v. M/S.swastik Safe Deposit & Investment Ltd, the High Court (2011) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
KJ
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION NO.3193 OF 2010
ININCOME TAX APPEAL (L) NO.637 OF 2009
The Commissioner of Income Tax-7 )..AppellantVs.
M/s.Swastik Safe Deposit & Investment Ltd., )..Respondents----
Mr. Suresh Kumar i/by Suchitra Kamble for the appellant.
Mr. A.K.Jasani for the respondents.
----
CORAM : J. P .DEVADHAR & MRS.MRIDULA BHATKAR,JJ
DATE : 8/2/2011.
PC
1Heard.
2By consent, the Notice of Motion made absolute in terms of
prayer clause-(a). Notice of Motion disposed off.
(MRS.MRIDULA BHATKAR,J)
(J.P.DEVADHAR,J)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.