In The Commissioner Of Income Tax – Iv, Mumbai v. M/S.padmakshi Financial Services Private Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, the appeal is dismissed.
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.801 OF 2010
The Commissioner of Income Tax – IV, Mumbai
Versus
M/s.Padmakshi Financial Services Private Limited
..Appellant.
..Respondent.
Ms.Padma Divakar for the appellant.Mr.Jitendra Jain with Mr.Jas Sanghavi i/by PDS Legal for the respondent.
CORAM : J.P. Devadhar &
Smt.R.S. Dalvi, JJ.
P.C. :
DATE : 7[th] March, 2011.
1.Counsel for the parties state that the question of law raised in this appeal is squarely covered against the Revenue by the decision of this
Court in the case of Sakal Papers Private Limited V/s. Commissioner of Income Tax reported in (1978) 114 ITR 256.
2.In this view of the matter, the appeal is dismissed. No costs.
(Smt.R.S. Dalvi, J.)
(J.P. Devadhar, J.)
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