In Vs.the Commissioner Of Income-Tax-5Mumbai v. Kalptaru Colours And Chemicals 321 Itr 451, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In view of the matter, the appeal is dismissed 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 JDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 899 OF 2011
M/s. Macro Bars & Wires India P. Ltd.
Vs.The Commissioner of Income-Tax-5Mumbai.
..Appellant.
..Respondent.
Mr. Pankaj R. Toprani for the Appellant.
Ms. Padma Divakar for Respondent.
CORAM : J.P. DEVADHAR AND A.A. SAYED, JJ.
P.C.
DATE : 19TH APRIL, 2011.
1.The Counsel for the Appellant states that the questions raised in this appeal are covered against the assessee and in favour of the revenue by the decision of this Court in the case of CIT Vs. Kalptaru Colours and Chemicals 321 ITR 451.
2.In view of the matter, the appeal is dismissed with no order as to costs.
( A.A. SAYED, J. )
(J.P. DEVADHAR, J.)
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