Case Law Details
DECIDED BY: HIGH COURT OF BOMBAY, IN THE CASE OF: SI Group India Ltd. Vs. ITAT, APPEAL NO: ITA No. 1511 & 1512, DECIDED ON June 10, 2010
______JUDGMENT________
(Per Dr. D.Y.CHANDRACHUD, J.) :
1. This judgment will govern two appeals instituted by the assessee under Section 260A of the Income Tax Act, 1961 and two petitions under Article 226 of the Constitution. Although several questions are raised in the appeals, for the purposes of these proceedings it would be sufficient to deal with the following question of law on which the appeals are admitted:
“Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in completely disregarding the contention of the Appellant that there was no remission or cessation of the sales tax liability on account of payment of the present value thereof being made to SICOM since the sales tax authorities had not given credit of the said payment against the sales tax liability;”
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