In The Commissioner Of Income Tax v. Damodar Threads Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, appeal stands dismissed for want of substantial question of law 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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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.2835 OF 2009
The Commissioner of Income Tax
Vs.
Damodar Threads Ltd.
..Appellant
..Respondent
Mr.Vimal Gupta for appellant
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 19TH DECEMBER,2009
DATE :
P.C.
1.Heard Counsel for the parties. Office objections are overruled. Registry is directed to register the appeal.
2.Learned Counsel for the appellant fairly states that the question of law involved in the present appeal is squarely covered by the judgment of this Court in the Case of Commissioner of Income Tax Vs. Emptee Poly Yarn (P) Ltd. (2008) 305
ITR 309. In this view of the matter, appeal stands dismissed for want of substantial question of law with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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