In The Commissioner Of Income Tax Iii, Mumbai v. Cooper Metals Private Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons stated therein, 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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.5560 OF 2010
The Commissioner of Income Tax III, Mumbai..Appellant.
Versus
Cooper Metals Private Limited..Respondent.
Mr.Vimal Gupta for the appellant.Mr.Mihir Naniwadekar for the respondent.
CORAM : J.P. Devadhar & A.A. Sayed, JJ.
P.C. :
DATE : 12[th] August, 2011.
1.Counsel for the parties state that the similar questions raised by
the Revenue in the case of sister concern of the assessee, being Income Tax Appeal No.1326 of 2010 have been dismissed by this Court on 14[th] June 2011. For the reasons stated therein, the present appeal is also dismissed with no order as to costs.
(A.A. Sayed, J.)
(J.P. Devadhar, J.)
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