Reliance was also placed on the following
case laws:
- CIT v. Gem Plus Jewellery India Ltd. (2010) 330 ITR 175 (Bom).
- CIT v. Tata Elxi ... High Court of Bombay in
the case of CIT Vs. Gem Plus Jewellery India Ltd. (2010) 330 ITR 175
(supra) wherein it has been held
Mumbai High Court in the case of CIT v Gem Plus
Jewellery India Ltd. 330 ITR 175 and the order of the Special Bench ... Mumbai High Court in the case of Gem Plus
Jewellery India Ltd. (supra), in identical circumstances, held that since the
export turnover forms part
Bang/2008)
vi) CIT Vs. Gem Plus Jewellery India Ltd. (2010) 330 ITR 175 (Bom)
vii) ITO Vs. Sak Soft ... Bombay High Court in the case of CIT Vs. Gem Plus Jewellery India Ltd. (2010) 330 ITR
175.
8. We have considered the submissions
Mumbai High Court in the case of CIT v Gem Plus Jewellery India Ltd. 330
ITR 175 and the order of the Special Bench ... Mumbai High Court in the case of CIT v Gem Plus
Jewellery India Ltd. 330 ITR 175 and the order of the Special Bench
Bombay High Court in the
case of CIT Vs. Gem Plus Jewellery India Ltd. in
ITA No. 2426 of 2009 dated 23-6-2010 instead ... Bombay High
Court in the case of CIT Vs. Gem Plus Jewellery India
Ltd. in ITA No. 2426 of 2009 vide order dated
Bombay High Court in the case of CIT Vs. Gem Plus Jewellery India Ltd. (2010) 330 ITR
175 (Bom).
9. We have considered the submissions ... High Court of Bombay in the case of
CIT Vs. Gem Plus Jewellery India Ltd. (2010) 330 ITR 175 (supra) wherein it has been
held
favour of the assessee, in the case of CIT
vs. Gem Plus Jewellery India Ltd. (330 ITR 175) wherein the High
Court held as under
case of Commissioner of Income tax.
Vs. Gem Plus Jewellery India Ltd. {2011 ~
330 ITR P.175 (Bom)]. -- interpreting-sub-
Section(4) of Section
Bombay High Court in the
case of Gem Plus Jewellery India Ltd. 2010-TIOL-456-HC-MUM-IT.
We, therefore, by considering the totality
foreign currency loans for
setting up of a power plant at Libor Plus Fix Rate. In order to
hedge the risk on account of exchange ... Gem Plus Jewellery India Ltd. , 330 ITR 175 (Bom)
d) Shah Originals vs. ACIT (2007) 112 TTJ 754 (Mum.)
e) Changepond Technologies
