In The Commissioner Of Income Tax v. M/S.m.j.pharmaceuticals Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.In the above view of the matter, appeal stands dismissed in limine for want of substantial question of law.
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 (L)NO.1766 OF 2009
The Commissioner of Income Tax
Vs.
M/s.M.J.Pharmaceuticals Ltd.
..Appellant
..Respondent
Mr.for appellant.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 30TH JULY, 2009
DATE :
P.C.
1.Office objections are over ruled. Registry is directed to register the appeal. At the request of learned Counsel appearing for the appellant, appeal is taken up for admission.
2.Learned Counsel for the Revenue fairly states that the first question is covered by the judgment of this Court in the case of CIT Vs. Chowgule & Co.Pvt. Ltd. 214 ITR523 (Bom), whereas the second question is covered by the judgment of the Apex Court in the case of Indo Nippon Co. Ltd. 261 ITR 275 (SC).
3.In the above view of the matter, appeal stands dismissed in limine for want of substantial question of law. No order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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