In The Commissioner Of Income Tax - V, Pune v. Spirax Marshall Limited, Pune, the High Court dismissed the appeal. The decision went in favour of the assessee.
Decision: 4.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.502 OF 2007
The Commissioner of Income Tax - V, Pune
Versus
Spirax Marshall Limited, Pune
..Appellant.
..Respondent.
Mr.Vimal Gupta for the appellant.Mr.Nitesh Joshi with Mr.Atul K. Jasani for the respondent.
CORAM : J.P. Devadhar & A.A. Sayed, JJ.
P.C. :
DATE : 18[th] April, 2011.
1.Taken up for admission by consent of both the parties.
2.Two questions of law have been raised by the Revenue in this appeal. Learned counsel for both the parties state that the first question is covered against the Revenue by the decision of this Court in the case of Commissioner of Income Tax V/s. Associated Cables P. Limited reported in [2006] 286 ITR 596 (Bom).
3.Similarly, the second question is also covered against the Revenue by the decision of the Apex Court in the case of Commissioner of Income Tax V/s. Lakshmi Machine Works reported in [2007] 290 ITR 667
(SC).
4.In this view of the matter, the appeal is dismissed with no order as to costs.
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