The Commissioner Of Income Tax v. M/S.shukra Diamond Exports Ltd
High Court
10 Jul 2008 In favour of: Revenue
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax v. M/S.shukra Diamond Exports Ltd
Date of order
10 Jul 2008
Assessment year(s)
—
Outcome
Allowed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax v. M/S.shukra Diamond Exports Ltd, the High Court (2008) allowed the appeal. The decision went in favour of the Revenue.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.983 OF 2007
The Commissioner of Income Tax,
Vs.
M/s.Shukra Diamond Exports Ltd.
..Appellant
..Respondent
Mr.R.Asokan for the Appellant.Mr.Jitendra Jain a/w.A.K.Jasani and Mr.P.C.Tripathifor the Respondent.
CORAM :- DR.S.RADHAKRISHNAN &S.J.KATHAWALLA, JJ.DATE : 15TH SEPTEMBER, 2008
P.C.
1.Heard the learned Counsel for the parties. In
the above, the Appellant is seeking to raise thefollowing substantial questions of law:
and as such the Assessee is entitled to the deduction
and also depreciation thereon.
3.Over and above, the learned Counsel for the
Government under Section 269 AA of the Companies
Act,1956.
of law involved in the above. The Appeal is totally
devoid of merits. Hence, the same stands dismissed.
(S.J.KATHAWALLA,J.) (DR.S.RADHAKRISHNAN,J.)
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