The Commissioner Of Income Tax, City Vii v. M/S.penwalt India Limited
High Court
25 Sep 2009 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax, City Vii v. M/S.penwalt India Limited
Date of order
25 Sep 2009
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax, City Vii v. M/S.penwalt India Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is thus dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1715 OF 2009
The Commissioner of Income Tax, City VII..Appellant.
Versus
M/s.Penwalt India Limited..Respondent.
Mr.Suresh Kumar for the appellant.None for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 25TH SEPTEMBER 2009
P.C. :
1.Heard learned counsel for the revenue. So far as second question is concerned, the assessee has followed project completion method and that method was accepted by the revenue almost for a period of four years. In these circumstances, no substantial question of law said to arise in this appeal.
2.So far as first question is concerned, the view taken by the Tribunal in earlier assessment year has become final and conclusive. Hence, no substantial question of law arises in this appeal. The appeal is thus dismissed with no order as to costs.
(V.C. Daga, J.)
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