In The Commissioner Of Income Tax – Ii, Nashik v. Shri Sham Chhagan Nukumbh, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, the present appeal is also 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 (L) NO.1221 OF 2011
The Commissioner of Income Tax – II, Nashik..Appellant.
Versus
Shri Sham Chhagan Nukumbh..Respondent.
Mr.Vimal Gupta for the appellant.Mr.Shriram S. Kulkarni for the respondent.
CORAM : J.P. Devadhar &A.R. Joshi, JJ.
P.C. :
DATE : 22[nd] December 2011
1.Counsel for the parties state that similar question raised by the
Revenue in the case of Commissioner of Income Tax V/s. Jayraj Kapadia,
Income Tax Appeal No.5487 of 2010 has been dismissed by this Court on 15[th] July 2011.
2.In this view of the matter, the present appeal is also dismissed with no order as to costs.
(A.R. Joshi, J.)(J.P. Devadhar, J.)
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