In The Commissioner Of Income Tax v. M/S.setron Synthetics 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 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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L)NO.1780 OF 2008
The Commissioner of Income Tax
Vs.
M/s.Setron Synthetics Ltd.
..Appellant
..Respondent
Mr.R.Ashokan for appellant.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. 25[th] June,2009
DATE :
P.C.
Mr.Ashokan states, that he has no instructions to proceed with the matter.
We went through the Memo of Appeal and questions raised therein. The issue involved in the present appeal is squarely covered by the judgment of this Court in the Case of Commissioner of Income Tax Vs. Emptee Poly Yarn (P) Ltd. (2008) 305ITR 309. In this view of the matter, appeal stands dismissed with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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