In The Commissioner Of Income Tax-Iv, Pune v. The Malegaon Ssk Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, boththe appeals are 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 NOS. 636 and 637 OF 2007
The Commissioner of Income Tax-IV, Pune. ... Appellant
vs.
The Malegaon SSK Ltd.
... Respondents
Mr. Vimal Gupta for the appellant.
CORAM:P.B. MAJMUDAR &J.P. DEVADHAR, JJ.
DATE:NOVEMBER 19, 2008.
P.C.
Heard learned counsel for the appellant. The learned counselfor the appellant fairly states that the questions raised in these appeals aresquarely covered against the revenue by the decision of this Court in thecase of Commissioner of Income-tax vs. Manjara Shetkari Sahakari SakharKarkhana Ltd. [2008 301 ITR 191 (Bom) ]. In this view of the matter, boththe appeals are dismissed.
P. B. MAJMUDAR, J.
J.P. DEVADHAR, J.
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