In The Director Of Income Tax v. M/S Ruchi Properties Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: 91 of 2001, the present Appeal stands dismissed.
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 (L) NO. 2544 OF 2007
The Director of Income Tax Vs.M/s Ruchi Properties Ltd.
..Appellant
..Respondent
Mr. Vimal Gupta for the Appellant.Mr. J.D. Mistry for the Respondent.
P.C.
CORAM :- V.C.DAGA &
J.P. DEVADHAR ,JJ. DATE : 8[th] May, 2009
This appeal is in respect of the assessment year 1995-96.
In respect of the same assessee on the same question of law Revenue had come to this Court by preferring Income Tax Appeal No. 91 of 2001. The said Appeal was in respect of assessment year 2000-01. This Court by order dated 15[th ]January, 2008 had dismissed the said Appeal preferred by the Revenue. For same or similar reasons recorded while disposing of Income Tax Appeal No. 91 of 2001, the present Appeal stands dismissed.
(J.P. DEVADHAR, J.)
(V.C.DAGA,J.)
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