In The Commissioner Of Income Tax v. M/S.everest Advertising 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.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1960 OF 2009
The Commissioner of Income Tax
Vs.
M/s.Everest Advertising Pvt. Ltd.
..Appellant
..Respondent
Mr.Suresh Kumar for appellant.
None for respondent.
P.C.
1.Heard.
Perused appeal.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 24TH NOVEMBER,2009
DATE :
2.The issue sought to be raised in the appeal relates to the question as to whether or not the non-compete fees could be treated as revenue receipts ? Learned Counsel for the Revenue fairly states that the issue raised in the appeal is squarely covered by the judgment of this Court in the case of Commissioner of Income Vs.Narendra D.Desai in ITXA No.64 of 2005 decided on 4th December, 2007. 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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