In The Commissioner Of Income Tax v. M/S.g.s.l.products Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, the appeal is dismissed on this count.
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 (L)NO.2574 OF 2008
The Commissioner of Income Tax
Vs.
M/s.G.S.L.Products Ltd.
..Appellant
..Respondent
Mr.Suresh Kumar for appellant.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. 1ST JULY, 2009
DATE :
P.C.
Learned Counsel for the appellant fairly states that the issue sought to be raised in the present appeal is squarely covered by the judgment of this Court in Income Tax Appeal No.114 of 2009 decided on 9/2/2009 in the case of Directorof Income Tax (International Taxation) V/s. M/s.Oman International Bank SAOG(unreported). Even otherwise, the appeal is barred by limitation. Hence, the appeal is dismissed on this count. No order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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