In The Commissioner Of Income Tax, Central Iv, Mumbai v. M/S.herga Investment Private Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, the appeal is dismissed for want of substantial question of law 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.961 OF 2009
The Commissioner of Income Tax, Central IV, Mumbai..Appellant.
Versus
M/s.Herga Investment Private Limited
..Respondent.
Mr.P.S. Sahadevan for the appellant.Mr.Atul K. Jasani for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 6TH OCTOBER 2009
P.C. :
1.Both counsel agree that the issue sought to be raised in this appeal is squarely covered by the Judgment of the Apex Court in Madras Industrial Corporation Limited V/s. CIT reported in 225 ITR 802 (SC), as also order dated 14-8-2009 passed in Income Tax Appeal No.960 of 2009 (CIT V/s. M/s.Jiffy Trading & Investment Private Limited).
2.In this view of the matter, the appeal is dismissed for want of substantial question of law with no order as to costs.
(J.P. Devadhar, J.)
(V.C. Daga, J.)
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