In The Commissioner Of Income Tax v. Shri Cedric Menezes & Anr, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: REIS, JJ.-Date:29th October, 2010 For the reasons recorded in the order passed today in TaxAppeal No.26/2002, this appeal is also dismissed, but without any order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF BOMBAY AT GOA
TAX APPEAL NO. 27 OF 2002
THE COMMISSIONER OF INCOME TAX Versus
SHRI CEDRIC MENEZES & ANR.
... Appellant
... Respondent
Ms. Asha Dessai, Advocate for the appellant. Mr. A.N.S. Nadkarni, Senior Advocate with Mr. S. Singbal, Advocate for the respondent No.1.
P.C.:-
-Coram:D. G. KARNIK &F. M. REIS, JJ.-Date:29th October, 2010
For the reasons recorded in the order passed today in TaxAppeal No.26/2002, this appeal is also dismissed, but without any order as to costs.
D. G. KARNIK, J.
ssm.
F. M. REIS, J.
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