In The Commissioner Of Income Tax – Ii, Pune v. National Heavy Engg. Company Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.Accordingly, the present 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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.6049 OF 2010
The Commissioner of Income Tax – II, Pune..Appellant.
Versus
National Heavy Engg. Company Limited..Respondent.
Mr.Vimal Gupta for the appellant.Mr.Mandar Vaidya for the respondent.
CORAM : J.P. Devadhar &K.K. Tated, JJ.
P.C. :
DATE :
28[th] September 2011
1.Counsel for the parties state that similar questions raised by the Revenue in the assessee’s own case, being Income Tax Appeal No.2016 of 2009 have been rejected by this Court on 6[th] October 2009 by following the
judgment of this Court in the case of Commissioner of Income-tax V/s. Associated Cables P. Limited reported in (2006) 216 ITR 596 (Bom).
2.Accordingly, the present appeal is dismissed with no order as to costs.
(K.K. Tated, J.)
(J.P. Devadhar, J.)
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