In The Commissioner Of Income Tax v. M/S.sonnet Trade & Investment, the High Court (2007) dismissed the appeal. The decision went in favour of the assessee.
Decision: Considering the above, the question of law as framed would not arise and consequently 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
INCOME TAX APPEAL NO.141 OF 2007
The Commissioner of Income Tax .. Applicant.
Versus
M/s.Sonnet Trade & Investment
Pvt.Ltd., Bombay .. Respondent.
Mr.Vimal Gupta with Mr.A.S. Rao & Mr.P.S.
Sahadevan for the applicant.
Mr.J.D. Mistry with Mr.Raj Darak for the respondent.
CORAM : F.I. REBELLO &
J.P. DEVADHAR, JJ.
DATED : 24TH OCTOBER, 2007.
P.C. :
1. The question of law as formulated in this
appeal is covered by the judgment of this Court in
Income Tax Appeal No.607 of 2005 decided on
17-10-2007 (CIT V/s. M/s.Akshya Textiles Trading &
Agencies Pvt.Ltd.)
2. Considering the above, the question of law
as framed would not arise and consequently the
appeal is dismissed.
(J.P. DEVADHAR, J.) (F.I. REBELLO, J.)
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