In The Commissioner Of Income Tax – V, Pune v. Bajan Tempo Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.The appeal is accordingly 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.522 OF 2007
The Commissioner of Income Tax – V, Pune
Versus
Bajan Tempo Limited
..Appellant.
..Respondent.
Mr.Vimal Gupta for the appellant.Mr.S.N. Inamdar with Mr.Mihir Naniwadekar for the respondent.
CORAM : J.P. Devadhar &A.R. Joshi, JJ.
P.C. :
DATE : 15[th] December 2011
1.Counsel for the parties state that the question of law raised by the Revenue in this appeal is covered against the Revenue by the decision of this Court in the case of Commissioner of Income Tax V/s. Caltex Oil Refining (I) Limited reported in 102 ITR 260 (Bom).
2.The appeal is accordingly dismissed with no order as to costs.
(A.R. Joshi, J.)
(J.P. Devadhar, J.)
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