In Wp/372/2005 Of Parekh Platinum Ltd v. Deputy Commissioner Of Income Tax Central Circle-47 And Ors, the High Court (2005) allowed the appeal. The decision went in favour of the assessee.
Decision: Petition is disposed of accordingly with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYCIVIL APPELLATEJURISDICTION
WRIT PETITION NO. 372 OF 2005.
Parekh Platinum Limited.
... Petitioner.
V/s.Deputy Commissioner of Income Taxand others.... Respondents.
Rafiq Dada, senior counsel with Sanjeev Shahand J.H.Motwani i/b. DSK Legal for the petitioner.
Deepak Tralshawala for the respondents.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ.
DATED : 1st April, 2005.
P.C. :
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special audit in the case of the petitioner
assessee.
transactions with each of them are interwoven as per
the contention of the respondents.
companies the Revenue is proceeding with the block
assessment without special audit.
4.
On the aforesaid premises, the petitioner
the same time it would also be open to the
petitioner to defend itself.
Petition is disposed of accordingly with no order as
to costs.
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