In The Commissioner Of Income Tax -V, Pune v. Finolex Industries Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.Hence appeal is dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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ital328.07.sxw
IN THE HIGH COURT OF JDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO. 328 OF 2007
The Commissioner of Income Tax -V, Pune Vs.
Finolex Industries Ltd.
..Appellant.
.. Respondent.
Mr.Vimal Gupta for the Appellant.
Mr. S.N. Inamdar for the Respondent.
CORAM : J.P. DEVADHAR AND A.A. SAYED, JJ.
DATE : 11TH APRIL, 2011.
P.C.
1.The Counsel for the parties state that the questions raised in this appeal are covered against the revenue by the decision of the Apex Court in the case of Commissioner of DCIT Vs. Care Health Ltd., reported in 298 ITR 194 (SC).
2.Hence appeal is dismissed with no order as to costs.
( A.A. SAYED, J. )
(J.P. DEVADHAR, J.)
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