The Commissioner Of Income Tax v. M/S.hindalco Industries Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.860 OF 2000 INCOME TAX APPEAL NO.860 OF 2000 The Commissioner of Income Tax .. Appellant Vs. M/s.Hindalco Industries Ltd. .. Respondent Mr.P.S.Sahadevan for the Appellant. Mr.S.S.Shetty i/by Mr.P.S.Toprani for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. DATE : 28th July, 2008 DATE : 28th July, 2008 P.C. P.C. P.C. 1. Heard the learned Counsel for the parties. Mr.Shetty, the learned Counsel for the Respondent fairly states that the question of law raised in this Appeal is squarely 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. Britannia Industries Ltd.V/s.CIT - (2005) 278 ITR 546 (SC). Accordingly, the V/s.CIT - (2005) 278 ITR 546 (SC). V/s.CIT - (2005) 278 ITR 546 (SC). question of law raised in this Appeal is answered in favour of the Revenue and against the Assessee. Appeal stands disposed of. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)