In The Director Of Income Tax (International Taxation) – Ii v. M/S.merrill Lynch Capital Market Espana, Sa, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, the appeal is dismissed with no order as to costs.
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 JURISDICTION
INCOME TAX APPEAL (L) NO.861 OF 2011
The Director of Income Tax (International Taxation) – II..Appellant.
Versus
M/s.Merrill Lynch Capital Market Espana, SA..Respondent.
Mr.Suresh Kumar for the appellant.Mr.B.D. Damodar i/by Kanga & Co. for the respondent.
CORAM : J.P. Devadhar & K.K. Tated, JJ.
P.C. :
DATE : 30[th] August, 2011.
1.Counsel for both the sides state that the questions of law raised
in this appeal are covered against the Revenue and in favour of the assessee by the decision of this Court in the case of Director of Income Tax (International Taxation) V/s. NGC Network Asia LLC reported in (2009) 313 ITR 187 (Bom).
2.In this view of the matter, the appeal is dismissed with no order as to costs.
(K.K. Tated, J.)
(J.P. Devadhar, J.)
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