Bombay HC dismisses appeal challenging Tribunal's decision under Income Tax Act citing precedent.

The Bombay HC dismissed the appeal as the Tribunal set aside the C.I.T.'s order under section 263 of the Income Tax Act, 1961, citing precedent. No costs were awarded.

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The Bombay High Court dismissed the appeal as the Tribunal set aside the order of C.I.T. u/s 263 of the Income Tax Act, 1961, based on a previous judgment in the case of Commissioner of Income Tax Vs. M/s Mukta Arts Pvt. Ltd. No costs were awarded.

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