In The Director Of Income Tax – (It v. M/S.aktieselskabet Dampskibsselsbabet Svendborg, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.For the reasons stated therein, 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.6894 OF 2010
The Director of Income Tax – (IT)
Versus
M/s.Aktieselskabet Dampskibsselsbabet Svendborg
..Appellant.
..Respondent.
Mr.Suresh Kumar for the appellant.Mr.Divesh Chawla with Mr.Atul K. Jasani for the respondent.
CORAM : J.P. Devadhar &A.R. Joshi, JJ.
P.C. :
DATE : 8[th] November 2011
1.Counsel for the parties state that the question of law raised in this appeal is squarely covered against the Revenue 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.For the reasons stated therein, the present appeal is also dismissed with no order as to costs.
(A.R. Joshi, J.)
(J.P. Devadhar, J.)
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