In Wp/2129/2005 Of Magna Graphics (India) Ltd And Anr v. The Income-Tax Settlment Commissionand 5 Ors, the High Court (2005) dismissed the appeal. The decision went in favour of the Revenue.
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
WRIT PETITION NO. 2129 OF 2005 .
Magna Graphics (India) & ors..... Petitioner.
V/s.
The Income-tax SettlementCommission & ors.
.. Respondent.
Shri A.K. Jasani for the petitioner.
Shri Ashok Kotangale for the respondent.
CORAM : V.C.DAGA AND J.P. DEVADHAR, JJ.DATED : 12.9. 2005.P.C. :----.Heard learned Counsel for the petitioner..The view taken by the Settlement Commissionis a reasonable and possible view in the facts andcircumstances of the case. No case is made out tointerfere with the impugned order. Writ petition isdismissed in limine with no order as to costs.(J.P. DEVADHAR,J.)(V.C. DAGA,J.)
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