In The Director Of Income Tax (International Taxation v. American Express Bank Limited, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, all these appeals are 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.775 OF 2011ANDINCOME TAX APPEAL (L) NO.776 OF 2011ANDINCOME TAX APPEAL (L) NO.780 OF 2011ANDINCOME TAX APPEAL NO.1867 OF 2011
The Director of Income Tax (International Taxation)
VersusAmerican Express Bank Limited
..Appellant.
..Respondent.
Mr.Suresh Kumar for the appellant.Mr.Jas Sanghvi i/by PDS Legal for the respondent.
CORAM : J.P. Devadhar & K.K. Tated, JJ.
P.C. :
DATE : 18[th] August, 2011.
1.Counsel for the parties state that the questions of law raised by the Revenue, in all these appeals, are already answered against the Revenue by this Court in the case of Commissioner of Income Tax V/s. Emirates Commercial Bank Limited reported in 262 ITR 55.
2.In this view of the matter, all these appeals are dismissed with no order as to costs.
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