In The Commissioner Of Income Tax-V, Pune v. Crane Process Flow Technologies India Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: Following the same, this appeal is hereby 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. 242 OF 2007
The Commissioner of Income Tax-V,Pune. .........Appellant. VersusCrane Process Flow TechnologiesIndia Ltd. ..........Respondent.
Mr. Vimal Gupta for the Appellant. None for the Respondent.
CORAM :BILAL NAZKIandA. A. KUMBHAKONI, JJ.DATED :5TH AUGUST, 2008.
P.C.:
The questions raised in this appeal are covered by the judgment of thisCourt reported in 292 ITR page 241(Bombay) and are answered against theRevenue. Following the same, this appeal is hereby dismissed.
Sd/-
(BILAL NAZKI, J.)
Sd/- (A. A. KUMBHAKONI, J.)
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