In The Commissioner Of Income Tax v. M/S.jindal Iron And Steel Co.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 with no order as to costs.
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 NO.862 OF 2009
The Commissioner of Income Tax
Vs.
M/s.Jindal Iron and Steel Co.Ltd.
..Appellant
..Respondent
Mr.J.S.Saluja for appellant.
Mr.P.J.Pardiwalla, Senior Advocate with Mr.A.K.Jasani for respondent.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 8TH SEPTEMBER, 2009
DATE :
P.C.
1.Heard learned Counsel for the parties.
2.The issue involved in the appeal is squarely covered by judgment of the Apex Court in the case of Tuticorian Alkali Chemicals and Fertilizers Vs. CIT 227 ITR 172(SC). In this view of the matter, appeal stands dismissed for want of substantial question of law with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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