The Commissioner Of Income Tax v. M/S.bajaj Hindustan Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.383 OF 2001 INCOME TAX APPEAL NO.383 OF 2001 The Commissioner of Income Tax .. Appellant Vs. M/s.Bajaj Hindustan Ltd. .. Respondent Mr.Vimal Gupta for the Appellant. Ms.Vasanti B.Patel for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. DATE : 13th August, 2008 DATE : 13th August, 2008 P.C. P.C. P.C. 1. This Appeal has already been admitted by this Court on 25.08.2004 on two substantial questions of law. So far as the first question of law is concerned, the learned Counsel for both the parties state that the same is covered against the Assessee and in favour of the Revenue in view of the judgment of the Hon’ble Supreme Court in the case of Britannia Industries Ltd.V/s.CIT - Britannia Industries Ltd.V/s.CIT -278 ITR 546. Hence, the said first question of law on 278 ITR 546. which this Appeal has been admitted, is answered against the Assessee and in favour of the Revenue. 2. So far as the second question of law is concerned, the learned Counsel for the Appellant is not pressing the same. 3. In view of the above, Appeal stands disposed of. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)