In The Commissioner Of Income Tax - 8, Mumbai v. Garware Polyester Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is dismissed accordingly 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 NO.1214 OF 2009
The Commissioner of Income Tax - 8, Mumbai..Appellant.
Versus
Garware Polyester Limited
..Respondent.
Mr.P.S. Sahadevan for the appellant.Mr.Subhash Shetty for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 12TH AUGUST 2009
P.C. :
1.Heard learned counsel for the revenue and the learned counsel for the respondent. Both the counsel agree that issue sought to be raised in this appeal is covered by the Division Bench judgment of this Court in the case of Director ofIncome Tax (International Taxation) V/s. M/s.Oman International Bank reported in [2009] 313 ITR 128 (Bom).
2.In the light of that, there is no merit in this appeal. The appeal is dismissed accordingly with no order as to costs.
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