In The Commissioner Of Income Tax v. M/S. Shree Krishna Silk Industries Pvt. Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Considering the above, in our opinion, there is no merit in the appeal which is accordingly dismissed.
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 JURISDICTIONINCOME TAX APPEAL NO.993 OF 2007
The Commissioner of Income Tax...Appellant.Vs.M/s. Shree Krishna Silk Industries Pvt. Ltd...Respondent.
Mr. Suresh Kumar with mr.P.S.Sahadevan for theAppellant.
Mr. P.J. Pardiwala, Sr. Counsel with Mr. S.G.Lakhani for the Respondent.
CORAM : F.I. REBELLO & R.S. MOHITE, JJ.DATE : 30th March, 2009.
PC :
1. Revenue is in appeal on the following questions.
Assessing Officer under Chapter XIVB of the Act?
officer in the course of block assessment to disallow
the said amount.
3. Considering the above, in our opinion, there is no
merit in the appeal which is accordingly dismissed.
( R.S. MOHITE, J.)
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