In The Commissioner Of Income Tax - V, Pune v. Finolex Industries Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.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.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.329 OF 2007
The Commissioner of Income Tax - V, Pune
Versus
Finolex Industries Limited
..Appellant.
..Respondent.
Mr.Vimal Gupta for the appellant.Mr.S.N. Inamdar for the respondent.
CORAM : J.P. Devadhar & Smt.R.S. Dalvi, JJ.
P.C. :
DATE : 5[th] April, 2011.
1.Counsel for the parties state that the questions of law raised in this appeal are covered against the Revenue by the decision of this Court in
the case of Additional Commissioner of Income Tax, Bombay City - I V/s.
Aniline Dyestuffs & Pharmaceuticals P. Limited reported in (1982) 138 ITR 843.
2.In this view of the matter, the appeal is dismissed with no order
as to costs.
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