In The Commissioner Of Income Tax v. M/S.grashim Industries Limited, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is therefore dismissed on both counts.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.629 OF 2009
The Commissioner of Income Tax..Appellant.
Versus
M/s.Grashim Industries Limited..Respondent.
Mr.P.S. Sahadevan i/by J.S. Saluja for the appellant.Mr.J.D. Mistry with Mr.A.K. Jasani for the respondent.
CORAM : V.C. DAGA &J.P. DEVADHAR, JJ. DATE : 10TH JUNE, 2009
P.C. :
1.Heard learned counsel for the revenue. The issue sought to be raised in this appeal is squarely covered by the Supreme Court judgment in the case of Sandvik Asia Limited V/s. CIT & Others reported in [2006] 280 ITR 643 (SC). Even otherwise, the tax effect is less than Rs.4 lakhs. The appeal is therefore dismissed on both counts.
(J.P. Devadhar, J.)
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