In The Director Of Income Tax v. The Stock Exchange Customers’ Protection Fund, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, appeal stands dismissed in limine 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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1998 OF 2009
The Director of Income Tax
Vs.
The Stock Exchange Customers’ Protection Fund
..Appellant
..Respondent
Mr.P.S.Sahadevan for appellant.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 14TH OCTOBER, 2009
DATE :
P.C.
1.Heard learned Counsel for the parties.Perused appeal.
2.The question sought to be raised has already been dealt with by the Tribunal in the assessee’s case for the A.Ys.1992-93 to 1997-98. All the adverse orders are accepted by the Revenue and the very same orders are followed without giving any reason. The Revenue has also not given any explanation as to why they are preferring this appeal, when they have accepted the earlier orders. In this view of the matter, appeal stands dismissed in limine 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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