In The Commissioner Of Income Tax -V v. Kirloskar Electrodyne Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.In 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.
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ital697.06.sxw
IN THE HIGH COURT OF JDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.697 OF 2006
The Commissioner of Income Tax -V
..Appellant
Vs.
Kirloskar Electrodyne Ltd... 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.Not on board. Taken up by the consent of the parties.
2.The questions raised in this appeal are covered against the revenue by the decision of the Apex Court in the case of DCIT Vs. Good Health Care Ltd., reported in 298 ITR 194 (SC).
3.In view of the matter, the appeal is dismissed with no order as to costs.
( A.A. SAYED, J. )
(J.P. DEVADHAR, J.)
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