In The Director Of Income Tax (International Taxation), Mumbai v. M/S.clsa Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, the present appeal is also 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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.5650 OF 2010
The Director of Income Tax (International Taxation), Mumbai ..Appellant.
Versus
M/s.CLSA Limited..Respondent.
Mr.Suresh Kumar for the appellant.Mr.Atul K. Jasani for the respondent.
CORAM : J.P. Devadhar & A.A. Sayed, JJ.
P.C. :
DATE : 4[th] August, 2011.
1.Counsel for the parties state that this questions of law raised in
this appeal are already answered against the Revenue by the decision of this Court in the case of Directorof 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 present appeal is also dismissed with no order as to costs.
(A.A. Sayed, J.)(J.P. Devadhar, J.)
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