The Commissioner Of Income Tax, Panaji-Goa v. M/S. Bhaskar Metals, Ponda, Goa
High Court
03 Oct 2006 In favour of: Assessee
Forum / Bench
High Court · hcbgoa
Parties
The Commissioner Of Income Tax, Panaji-Goa v. M/S. Bhaskar Metals, Ponda, Goa
Date of order
03 Oct 2006
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax, Panaji-Goa v. M/S. Bhaskar Metals, Ponda, Goa, the High Court (2006) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF BOMBAY AT GOA
TAX APPEAL NO. 12 OF 2006
THE COMMISSIONER OF INCOME TAX, PANAJI-GOA.
Versus
....Appellant
M/S. BHASKAR METALS, PONDA, GOA.
....Respondent
Mr. S. R. Rivankar, Advocate for the Appellant.
P.C.:
-Coram:DR. S. RADHAKRISHNAN &N. A. BRITTO, JJ.-Date:3rd October, 2006
Heard learned counsel for the Appellant. Perused the Order of theIncome Tax Appellate Tribunal. Specially for the reasons stated inparagrphs 5 and 6 of the Order, it is clear that the respondent has beenconverting granite boulders into metal or chips which obviously amountsto manufacture. If that be so, the respondent is entitled to the benefitunder section 80-IA of the I.T. Act. Under the circumstances, we do notfind any substantial question of law involved in the present appeal.
Appeal stands dismissed.
DR. S. RADHAKRISHNAN, J.
sl.
N. A. BRITTO, J.
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