In The Commissioner Of Income Tax - Central, Pune v. Shree Ostwal Builders Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.Accordingly, the appeal is dismissed 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.5578 OF 2010
The Commissioner of Income Tax - Central, Pune
..Appellant.
Versus
Shree Ostwal Builders Limited..Respondent.
Mr.Suresh Kumar for the appellant.
CORAM : J.P. Devadhar &K.K. Tated, JJ.
P.C. :
DATE : 13[th] October 2011
1.Counsel for the Revenue states that the questions of law raised in this appeal are squarely covered against the Revenue by the decision of this Court in the case of Commissioner of Income Tax V/s. Brahma Associates reported in 333 ITR 289 (Bom).
2.Accordingly, the appeal is dismissed with no order as to costs.
(K.K. Tated, 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.
EaseValue