In The Commissioner Of Income Tax Ii v. M/S Indisoft Consultancy Services Pvt.ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: In these circumstances we have no option but to dismiss the appeal.
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 JURISDICTIONINCOME TAX APPEAL NO. 489/2010
The Commissioner of Income Tax II
Vs.
M/s Indisoft Consultancy Services Pvt.Ltd.
Appellant
Respondent
Mr.P.S.Sahadevan for appellantNone for Respondent
CORAM-J.P.DEVADHAR AND MRS.MRIDULA BHATKAR ,JJDATE - 18TH JANUARY,2011.
P.C.
.Counsel for the Revenue states that he is not in a position
to demonstrate that the Tribunal was wrong in holding that the reopening of the assessment is based on mere change of opinion.
In these circumstances we have no option but to dismiss the appeal.
(MRS.MRIDULA BHATKAR,J.)
(J.P.DEVADHAR,J.)
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