In The Commissioner Of Income Tax v. Omarsons Apparels Pvt. 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 limine for want of substantial question of law.
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 (L) NO.1684 OF 2008
The Commissioner of Income Tax Vs.Omarsons Apparels Pvt. Ltd.
..Appellant
..Respondent
Mr.Suresh Kumar for appellant.Mr.P.C.Tripathi i/b. A.R.Singh & Paras S.Savla for respondent.
P.C.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ.
DATE :- 22ND JULY, 2009
The question sought to be raised in this appeal relates to the assessment of gross profit. Under these circumstances, no substantial question of law involved in the appeal. The Tribunal has appreciated material on record and reached to the conclusion which can hardly be said to be a perverse finding. In this view of the matter, appeal stands dismissed limine for want of substantial question of law. No order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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