In The Commissioner Of Income Tax v. M/S.ramanand Sagar Natraj Studio, the High Court (2007) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, all the appeals are dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICITON
INCOME TAX APPEAL (L) NO.308 OF 2005
AND
INCOME TAX APPEAL (L) NO.309 OF 2005
The Commissioner of Income Tax .. Applicant.
Versus
M/s.Ramanand Sagar Natraj Studio .. Respondent.
Mr.B.M. Chatterjee with Ms.P. Bhosale for the
applicant.
Mr.Arun Sathe, Senior Counwel with Ms.Beena Pillai &
M. Vaidya for the respondent.
INCOME TAX APPEAL (L) NO.411 OF 2005
The Commissioner of Income Tax .. Applicant.
Versus
M/s.Matt Production International .. Respondent.
Mr.Ashok Kotangale for the appellant.
Mr.V.S. Hadade for the respondent.
CORAM : F.I. REBELLO &
J.P. DEVADHAR, JJ.
DATED : 13TH AUGUST, 2007.
P.C. :
1. The question of law involved in these
appeals are squarely covered by the Judgment of this
Court reported in 267 ITR 488 (Bom). Considering
the question has been answered, the question as
framed will not arise.
2. Hence, all the appeals are dismissed.
(J.P. DEVADHAR, J.) (F.I. REBELLO, J.)
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