Walchand & Company Pvt.ltd v. The Deputy Commissioner Of Income Taxand Anr
High Court
29 Sep 2008 In favour of: Unclear
Forum / Bench
High Court · newos
Parties
Walchand & Company Pvt.ltd v. The Deputy Commissioner Of Income Taxand Anr
Date of order
29 Sep 2008
Assessment year(s)
—
Outcome
Other
Case summary
In Walchand & Company Pvt.ltd v. The Deputy Commissioner Of Income Taxand Anr, the High Court (2008) decided the matter.
Decision: Appeal stands disposed of accordingly.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.165 OF 2005
Walchand & Company Pvt.LTd.
..Appellant
Vs.
The Deputy Commissioner of Income Taxand Anr.
..Respondents
Mr.M.Subramanian a/w.V.S.Hadade for the Appellant.Mrs.Devki Iyer i/b. Mr.Vimal Gupta for the Respondent.
CORAM :- DR.S.RADHAKRISHNAN &V.C.DAGA, JJ.DATE : 29TH SEPTEMBER, 2008
P.C.1.Heard the learned Counsel for the parties.After hearing the parties for some time and aftergoing through the judgments in the case of CIT Vs.General Insurance Corporation of India (No.2) 254 ITR204, CIT Vs. General Insurance Corporation of India(No.1) 254 ITR 203, CIT Vs. Central Bank of India 264ITR 522 and CIT Vs. Emrald Co.Ltd. (2006) 284 ITR586 (Bom),it would be more appropriate if the
Tribunal considers the entire issue De-Novo and hear
the matter afresh.
the parties agreed that no reasons need to be
recorded.
3.The Tribunal is requested to dispose of the
of six months. Appeal stands disposed of accordingly.
(V.C.DAGA,J.)
(DR.S.RADHAKRISHNAN,J.)
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