Appeal Dismissed Due to Prior Judgment on Tax Issue

The Bombay HC dismissed the appeal as the issue was previously addressed in a judgment. The Tribunal relied on CIT vs. ACE Builders Pvt. Ltd., approved by SC in CIT, Panji vs. V.S.Dempo Company Ltd. No substantial question of law arose.

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The Bombay High Court dismissed the appeal as the issue raised was already covered by a previous judgment. The Tribunal relied on a judgment in the case of CIT vs. ACE Builders Pvt. Ltd., which was approved by the Supreme Court in the case of CIT, Panji vs. V.S.Dempo Company Ltd. No substantial question of law arose.

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