The Commissioner Of Income Tax-I v. Krutadnya Management & Trading

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 14 OF 2011 The Commissioner of Income Tax-I..Appellantversus Krutadnya Management & TradingServices Pvt. Ltd., Pune..Respondent -------- Mr. Vimal Gupta, Senior Counsel i/b Ms. Padma Divakar for the Appellant.None for the Respondent. ............. CORAM : J.P. DEVADHAR & M.S.SANKLECHA, JJ. DATE : 16[th] October, 2012 P.C. : 1Although, four questions of law are raised by the Revenue in this appeal, the basic question is “Whether the ITAT was justified in holding that the assessee was entitled to deduction under Section 80M of the Income Tax Act, 1961?” 2 The Tribunal allowed the claim of the assessee by following its decision in the case of Castle Investment and Industries Pvt. Ltd. The appeal filed by the Revenue against the decision of the Tribunal in the case of Castle Investment and Industries Pvt. Ltd. being Income Tax Appeal No. 1557 of 2007 has been dismissed by this court on 22.07.2008. In this view of the matter, we see no reason to entertain the appeal. Accordingly, the appeal is dismissed. (M.S. SANKLECHA, J.) (J.P.DEVADHAR, J.)