In The Commissioner Of Income Tax v. International Liner Shipping Agency Pvt. 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.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.422 OF 2009
The Commissioner of Income Tax Vs.International Liner Shipping Agency Pvt. Ltd.
..Appellant
..Respondent
Mr.Suresh Kumar for appellant.None for respondent.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ.
DATE :- 9TH JULY, 2009
P.C.
Heard learned Counsel for the appellant.
The question of law involved in the present appeal revolves around reopening under Section 171(C) of the Income Tax Act. The Tribunal has recorded finding that the Assessee has disclosed all the particulars before the Revenue Authority and has established his bonafides. 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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