In The Commissioner Of Income Tax v. M/S.walchandnagar Industries Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, the appeal stands dismissed for the reasons stated therein.
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.539 OF 2009
The Commissioner of Income Tax Vs.M/s.Walchandnagar Industries Ltd.
..Appellant
..Respondent
Mr.P.S.Sahadevan i/b.Ms.Suchitra Kamble for appellant.Ms.V.B.Patel for respondent.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 9TH JULY, 2009
DATE :
P.C.:
Office objections are overruled. Registry is directed to register the appeal.
Learned Counsel for both the parties fairly state that the issue sought to be raised in the appeal is squarely covered by the division bench judgment of this Court in ITXA (L) No.108 of 2007 decided on 18[th] March, 2008 and answered in favoure of the assessee and against the Revenue. In this view of the matter, the appeal stands dismissed for the reasons stated therein. No order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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