In Welworth Share & Stock Broking Ltd v. Assistant Commissioner Of Income Tax, the High Court (2012) allowed the appeal. The decision went in favour of the assessee.
Decision: The appeal is allowed to be withdrawn and stands disposed of.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 5250 OF 2010
Welworth Share & Stock Broking Ltd.versus
Assistant Commissioner of Income Tax
Central Circle 43, Mumbai
..Appellant
..Respondent
--------
Mr. Balasaheb Yewale i/b M/s. Rajesh Shah & co.
for the Appellant.
Ms. Padma Divakar for the Respondent.
.............
CORAM : S.J.VAZIFDAR &
M.S.SANKLECHA, JJ.
DATE: 31[st] July, 2012.
P.C. :
The Income Tax Appellate Tribunal has
rectified the order. The Appellant, therefore seeks to withdraw the appeal.
The appeal is allowed to be withdrawn and stands disposed of.
(M.S. SANKLECHA, J.)
(S.J.VAZIFDAR, J.)
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