In The Director Of Income Tax v. International Nederlanden Bank Nv, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, the appeal stands dismissed for want of substantial question of law with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.824 OF 2009
The Director of Income Tax
Vs.
International Nederlanden Bank NV
..Appellant
..Respondent
Mr.Parag Vyas for appellant.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 17[th] June,2009
DATE :
P.C.
Learned Counsel for Revenue fairly states that the issue sought to be raised in this appeal is squarely covered by the judgment of this Court in the case of AmericanExpress International Banking Corporation Vs. Commissioner of Income Tax 258 ITR601. In this view of the matter, the appeal stands dismissed for want of substantial question of law with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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