In The Commissioner Of Income Tax v. The Baramati Co.op. Bank 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 with no order as to costs.
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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L)NO.2577 OF 2008
The Commissioner of Income Tax
Vs.
The Baramati Co.Op. Bank Ltd.
..Appellant
..Respondent
Mr.Vimal Gupta for appellant.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. 1ST JULY, 2009
DATE :
P.C.
Learned Counsel for the appellant states that the issue involved in the present appeal is squarely covered by the judgment of this Court in the case of Commissionerof Income Tax Vs. Solapur Nagri Audyogik Sahakari Bank Ltd. in ITXA No.46 of 2000decided on 16th June, 2009. In this view of the matter the appeal stands dismissed with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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