In The Commissioner Of Income Tax v. Zandu Pharmaceuticals Works Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, 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 NO.1689 OF 2009
The Commissioner of Income Tax
Vs.
Zandu Pharmaceuticals Works Ltd.
..Appellant
..Respondent
Mr.Suresh Kumar for appellant.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 8TH SEPTEMBER, 2009
DATE :
P.C.
Heard.
The Revenue has filed this appeal against the order of the Tribunal remanding the matter back to the file of the Assessing Officer for de-novo investigation relying on the decision of the Tribunal in the case of Foods Speciality Ltd. Vs. ACIT reported in 54 ITD 352. Since the matter is only remanded back for de-novo consideration, in our opinion, no question of law arises. Hence, the appeal stands dismissed with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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