In The Commissioner Of Income Taxmumbai City Iv v. M/S Aryaship Breaking Co.p.ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view thereof, appeal stands dismissed. { A.V.Nirgude, J } { Dr.S.Radhakrishnan, J }
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.892 OF 2007
The Commissioner of Income TaxMumbai City IV... Appellant
Vs.
M/s Aryaship Breaking Co.P.Ltd.. Respondent
Mr.Vimal Gupta for AppellantMr.A.K.Jasani with Mr.P.C.Tripathi for Respondent
P.C.
CORAM : Dr.S.Radhakrishnan andA.V.Nirgude, JJDATE : 4th July, 2008
1. Heard learned counsel for the appellant andlearned counsel for the respondents. Thesubstantial question of law raised in the aboveappeal is squarely covered against the revenue andin favour of the assessee in view of our view ofour judgment in Commissioner of Income Tax vs M/sChaudhary Inds. dt.4.3.2008 in I.T.A.No.168 of2005. In view thereof, appeal stands dismissed.
{ A.V.Nirgude, J }
{ Dr.S.Radhakrishnan, J }
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