holding that in view of the decision in the case of Echjay
Industries Ltd. Vs. DCIT, 88 TTJ 108(Mum), the premia ... placed reliance on the decision of the
Mumbai Bench of ITAT in Echjay Industries Ltd. vs DCIT reported in
88 TTJ 1089 which subsequently
revenue. The
decision of the ITAT, Mumbai, in the case of Echjay Industries Limited Vs.
CIT , 88 TTJ 1089 (Mum) was cited before ... record. The Ld Counsel relied on the decision in the case of Echjay
Industries Limited Vs. DCIT, 88 TTJ 1089 (Mum) as well as Chemosyn
decision of the Bombay High Court in the case of CIT v. Echjay Forgings (P .) Ltd. [2001] 116 Taxman 322 wherein the provisions, for doubtful ... Regarding the decision of the Bombay High Court in the case of Echjay Forgings (P.) Ltd. (supra) it was submitted by him that the said
judicial decision :
i. Chemosyn Ltd. Vs. ACIT 149 TTJ 294 (Mum)
ii. Echjay Industries Ltd. Vs. DCIT ITA No.3103/Mum/1996 ... decision of the Mumbai Bench
of the Tribunal in the case of Echjay Industries Ltd. Vs. DCIT
reported in 88 TTJ 1089 order dated
TAXMAN 202 (Bom) and the
Mumbai Bench of Tribunal in Echjay Industries Ltd. Vs. DCIT reported in 257 ITR
1 (AT) (Mum).
18. The learned ... referred to the decision of the Tribunal in Echjay Industries Ltd. Vs.
DCIT (supra) and CIT Vs. Chemosyn Ltd. (supra) (decision
