In The Commissioner Of Income Tax v. M/S.shangrila Inv. & Trad.co, the High Court (2007) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, the notice of motion along with the appeal is 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
NOTICE OF MOTION NO.844 OF 2005
WITH
INCOME TAX APPEAL (L) NO.401 OF 2005
The Commissioner of Income Tax .. Applicant.
Versus
M/s.Shangrila Inv. & Trad.Co. .. Respondent.
Mr.Ashok Kotangale for the applicant.
Mr.J.D. Mistry with Mr.Raj Darak for the respondent.
CORAM : F.I. REBELLO &
J.P. DEVADHAR, JJ.
DATED : 13TH AUGUST, 2007.
P.C. :
1. The question of law which has been framed in
this Appeal is covered by the Judgment of this Court
in Income Tax Application No.11 of 1999 decided on
11th June, 2007 [C.I.T. V/s. Lazor Syntex
Limited].
2. In view of the above judgment, the question
as framed would not arise. Hence, the notice of
motion along with the appeal is dismissed.
(J.P. DEVADHAR, J.) (F.I. REBELLO, J.)
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