In The Commissioner Of Income Tax v. M/S.hindustan Composites 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.
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 (L) NO.1106 OF 2009
The Commissioner of Income Tax Vs.M/s.Hindustan Composites Ltd.
..Appellant..Respondent
Mrs.Padma Divakar for appellant.
Mr.Jitendra Jain a/w. H.K.Sudhakar i/b. Khaitan & Co. for respondent.
P.C.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ.
DATE :- 22ND JULY, 2009
Learned Counsel for both the parties submit that the issue involved in the present appeal is squarely covered by the judgment of this Court in the case of CIT Vs.M/s.WMI Cranes Ltd. in ITXA No.1155 of 2007 decided on 9th October, 2007. In this view of the matter, appeal stands dismissed for want of substantial question of law. No order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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