In The Commissioner Of Income Tax v. M/S.precision Fasteners Ltd, the High Court dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
AGK 1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICITON
INCOME TAX APPEAL (L) NO.199 OF 2005
The Commissioner of Income Tax .. Applicant.
Versus
M/s.Precision Fasteners Ltd. .. Respondent.
Mr.A.S. Rao for the applicant.
Mr.A.K. Jasani for the respondent.
CORAM : F.I. REBELLO &
J.P. DEVADHAR, JJ.
DATED : 28th AUGUST, 2007.
P.C. :
1. The question of law as raised in this Appeal
is covered by the judgment of the Supreme Court in
the case of C.I.T. V/s. Lakshmi Machine Works
[(2007) 290 ITR 667 (S.C.)].
2. In view of above, learned counsel for the
appellant-revenue seeks leave to withdraw the
appeal.
3. The appeal is dismissed as withdrawn.
Refund of Court fee as per rules. Certified copy
expedited.
(J.P. DEVADHAR, J.) (F.I. REBELLO, J.)
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