In The Commissioner Of Income-Tax - Mumbai v. Angel Capital & Debt Market Ltd, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, the appeal is dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Ladda
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL No. 6851 of 2010.
The Commissioner of Income-tax - Mumbai
... Appellant.
Versus
Angel Capital & Debt Market Ltd
... Respondent.
Mr Vimal Gupta for the appellant.
CORAM : J.P. Devadhar & A.R. Joshi, JJ.
DATE : 10 January,2012.
P.C. :-
Counsel for the revenue states that the questions raised in this appeal are
covered against the Revenue by the decision of this Court in the case of the
CIT vs. Angel Capital & Debt Market Ltd being Income Tax Appeal (L) No. 475 of 2011 decided on 28[th] July, 2011. In this view of the matter, the appeal is dismissed with no order as to costs.
(A.R.Joshi,J)
(J.P.Devadhar,J.)
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