In The Commissioner Of Income Tax v. M/S.grasim Industries 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.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.860 OF 2007
The Commissioner of Income Tax
..Appellant
Vs.M/s.Grasim Industries Ltd...Respondent
Mr.A.D.Kango for the Appellant.Mr.J.D.Mistry with Mr.A.K.Jasani for the Respondent.CORAM :- DR.S.RADHAKRISHNAN &A.V.NIRGUDE, JJ.
P.C.
.Heard the learned Counsel for the parties.Mr.Kango, the learned Counsel for the Appellant fairlystates that the Appellant will pay interest as perSection 244A to the Respondent. In view thereof,nothing further survives in the above Appeal. Thesame stands dismissed.
(A.V.NIRGUDE,J.)
(DR.S.RADHAKRISHNAN,J.)
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