Commissioner Of Income Tax-8 vs M/S. Gem Plus Jewellery India Ltd on 23 June, 2010
Author: D.Y.Chandrachud
Bench: D.Y.Chandrachud ... Commissioner of Income Tax-8 ..Appellant.
Vs.
M/s. Gem Plus Jewellery India Ltd. ..Respondent.
....
Ms Suchitra Kamble for the Appellant.
Ms Arti Vissanji with
Bombay High Court in the case of
CIT vs. Gem Plus Jewellery India Ltd. , 330 ITR 175, without
appreciating that the Department has filed ... Bombay High Court in
the case of CIT vs. Gem Plus Jewellery India Ltd. )330 ITR 175(Bom. HC). The
brief facts are that
GEM DDC21004 28,400 17.66
DE-CAL GEM DDC21005 28,800 17.65
DE-CAL GEM DDC21134 28,688 17.80
DE-CAL GEM DDC21135 ... GEM DDC21351 25,190 19.66
DE-CAL GEM DDC21352 28,690 20.10
DE-CAL GEM DDC21090 28,490 24.00
PLUS
DE-CAL GEM DDC21136
High Court of Bombay in the case of : M/s Gem Plus
Jewellery Ltd. (ITA No. 2426 of 2009), wherein the Hon'ble High ... High Court in the case of : Gem Plus Jewellery
(supra), therein directed the A.O to exclude the amount of foreign
currency expenses from
High Court in the case of
Commissioner of Income Tax v. Gem Plus Jewellery India Ltd. : (2011)
330 ITR 175 Bombay. He submitted that ... Bombay High Court‟s
decision in Gem Plus Jewellery (supra) has been followed by the
Karnataka High Court in CIT v. TATA ELXSI
been placed on the following case
laws:
i) "CIT vs. Gem Plus Jewellery India ... unable to effectively
controvert the assessee's contention. In " Gem Plus Jewellery India Ltd. "
(supra), under similar circumstances, it has been held
this court in the case of Commissioner of
Income-Tax vs. Gem Plus Jewellery India Ltd. , [2011] 330 ITR 175
(Bombay), in support ... objection, does not dispute that the decision of
this court in Gem Plus Jewellery India Ltd. , (supra) applies to the
present facts. However, refuses
aforesaid judgments is reproduced for your
kind perusal :-
CIT V/s Gem Plus Jewellery India Ltd. (330 ITR 175) High Court of
Bombay :-
In this ... Jurisdictional High Court in the case of CIT Vs. Gem Plus Jewellery
India Ltd. in ITA No. 2426 of 2009 dated 21.03.2010 holding that
been placed on the following case
laws:
i) "CIT vs. Gem Plus Jewellery India ... unable to effectively
controvert the assessee's contention. In " Gem Plus Jewellery India Ltd. "
(supra), under similar circumstances, it has been held
been placed on the following case
laws:
i) "CIT vs. Gem Plus Jewellery India ... unable to effectively
controvert the assessee's contention. In " Gem Plus Jewellery India Ltd. "
(supra), under similar circumstances, it has been held
