In The Commissioner Of Income Tax, Central β I, Mumbai v. M/S.roofit Industries Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, both the appeals are dismissed with no order as to costs.
Summary auto-generated from the order below β read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.4292 OF 2009
AND
INCOME TAX APPEAL NO.1123 OF 2010
The Commissioner of Income Tax, Central β I, Mumbai..Appellant.
Versus
M/s.Roofit Industries Limited
..Respondent.
Mr.Suresh Kumar for the appellant.
CORAM : J.P. Devadhar &K.K. Tated, JJ.
P.C. :
DATE : 22[nd] September 2011
1.Counsel for the Revenue states that the questions of law raised in these appeals are squarely covered against the Revenue by the decision of this Court in the case of Commissioner of Income-tax V/s. Tata Chemicals
Limited reported in (2002) 256 ITR 395 (Bom).
2.In this view of the matter, both the appeals are dismissed with no order as to costs.
(K.K. Tated, J.)(J.P. Devadhar, J.)
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