In The Commissioner Of Income Tax v. M/S.kesar Enterprises 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.
bgp
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L)NO.1954 OF 2009
The Commissioner of Income Tax
Vs.
M/s.Kesar Enterprises Ltd.
..Appellant
..Respondent
Mr.P.S.Sahadevan i/b. Mr.Vimal Gupta for appellant.
Ms.Aasifa Khan for respondent.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 11TH AUGUST, 2009
DATE :
P.C.
Learned Counsel for both the parties fairly state that the issue sought to be raised in this appeal has already been considered by the Division Bench judgment of this Court in the case of Snowcem India Ltd. Vs. Dy.CIT (2009) 313 ITR 170 (Bom)and also in the case of CIT Vs. Natural Gems Ltd. in ITXA No.778 of 2007 decided on24th March, 2009. 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.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue