2025 (3) TMI 308

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....ant: Mr. Vikas T. Khanchandani,. For the Respondent: Mr. Nishant Thakkar a/w. Ms. Jasmin Amaalsadvala a/w. Mr. Bhavesh Bhatia I/b. Lumiere Law Partners,. PC:- 1. Heard learned counsel for the parties. 2. This appeal concerns the assessment year 2009-10. 3. Mr Khanchandani, learned counsel for the appellant (Revenue), presses for admission of this appeal only on the following substan....

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....nue instituted Income Tax Appeal No. 871/2012 regards assessment year 2006-07 and such appeal was admitted on 25 September, 2014. He pointed out that the fourth substantial question of law admitted by order dated 25 September 2014 is the substantial question of law now proposed by the appellant(revenue) in this appeal. Accordingly, he submitted that this appeal may be admitted on the above substan....

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.... the rival contentions, and we are inclined to agree with Mr. Thakkar's submissions. 7. Although it is correct that Income Tax Appeal No. 871 of 2012 was admitted by this Court on 25 September 2014, we cannot overlook the fact that at that time, the decisions in Spicer India Ltd.(supra.) and Hindustan Unilever Ltd. (supra.) had not been delivered. The decisions of the Coordinate Bench hold that....