Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Appeal Dismissed in Favor of Assessee based on Previous Judgment</h1> <h3>The Commissioner of Income Versus M/s Delite Tin Industries </h3> The appeal was dismissed by the Bombay High Court in favor of the assessee based on a previous judgment. - The Commissioner of Income Versus M/s Delite ... Capital gain - 'Whether Tribunal was right in law in holding that the assessee is entitled to deduction u/s 54E in respect of the capital gain arising on the transfer of a capital asset on which depreciation has been allowed and which is deemed as short-term capital gain u/s 50 of the Income-tax Act, 1961 - Held that: the issue is squarely covered against the revenue and in favour of the assessee by judgment of this Court in Commissioner of Income Tax Vs. Ace Builders P.Ltd.[2005 -TMI - 9448 - BOMBAY High Court] - Decided in favour of assessee. The Bombay High Court, with judges Dr. S. Radhakrishnan and S.J. Kathawalla, heard an appeal where the question of law was decided in favor of the assessee based on a previous judgment. The appeal was dismissed. (Citation: 2008 (9) TMI 593 - BOMBAY HIGH COURT)