In The Commissioner Of Income Tax v. M/S.merchant And Sons, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, both the appeals stand dismissed 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.1160 OF 2007
The Commissioner of Income Tax Vs.M/s.Merchant and Sons
..Appellant
..Respondent
INCOME TAX APPEAL NO.1161 OF 2007
The Commissioner of Income Tax Vs.Mrs.Nahed J.Merchant
..Appellant
..Respondent
Mr.P.S.Sahadevan for appellant in both the appeals.Mr.Ajay R.Singh in both the appeals.
P.C.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. 28TH AUGUST, 2009
DATE :
Heard learned Counsel for the appellant. The Learned Counsel for the appellant fairly states that the issue involved in the appeals revolve around appreciation of evidence. In this view of the matter, one can hardly reach to the conclusion that the impugned order gives rise to any substantial question of law. In this view of the matter, both the appeals stand dismissed with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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