The Director Of Income Tax (International Taxation v. Shinhan Bank

IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1333 OF 2010 ANDINCOME TAX APPEAL NO.799 OF 2010ANDINCOME TAX APPEAL (L) NO.2827 OF 2009ANDINCOME TAX APPEAL (L) NO.2828 OF 2009ANDINCOME TAX APPEAL (L) NO.2829 OF 2009 The Director of Income Tax (International Taxation)VersusShinhan Bank ..Appellant. ..Respondent. Mr.Suresh Kumar for the appellant.Mr.P.J. Pardiwala, Senior Counsel with Mr.Atul K. Jasani for the respondent. CORAM : J.P. Devadhar & R.M. Savant, JJ. DATE : 21[st] December, 2010. P.C. : 1. Appeal (L) Nos.2827, 2828, 2829 of 2009 & Appeal No.799 of 2010 are not on board. Mentioned. 2.Appeal (L) Nos.2827, 2828 and 2829 of 2009 have been rejected under Rule 986 of the Original Side Rules for want of removal of office objections within the stipulated time. By consent, the objections are waived and these Appeals are restored to the file. 3.Counsel on both sides agree that the question of law raised in these appeals are covered against the Revenue by the decision of this Court in the case of Commissioner of Income Tax V/s. Emirates Commercial Bank Limited reported in (2003) 262 ITR 55. Moreover, the decision of the Tribunal in the assessee’s own case for assessment year 1998-1999 has been accepted by the Revenue and no appeal has been filed against the said order of the Tribunal. 4.In these circumstances, for the reasons stated in the aforesaid decision of this Court, these appeals are dismissed with no order as to costs. (R.M. Savant, J.) (J.P. Devadhar, J.)