In The Commissioner Of Income Tax v. M/S. Sharad Fibres & Yarn Processors Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
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 NO.269 OF 2005
The Commissioner of Income Tax.
..Appellant.
Vs.
M/s. Sharad Fibres & Yarn Processors Ltd.
..Respondent.
Mr. A.D. Kango with P.S. Sahadevan for the Appellant.
CORAM : F.I. REBELLO &R.S. MOHITE, JJ.DATED : 24th March,2008.
PC :1. The question of law as framed is covered by thejudgment of this court in the case of Commissioner ofIncome Tax Vs. EMPTEE Poly Yarn Pvt. Ltd. ( IncomeTax Appeal No.1393 of 2000) decided on 27.12.2008.
Considering the above, the question of law as framed
would not arise and consequently the appeal dismissed.
(R.S. MOHITE, J.)
(F.I. REBELLO, J.)
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