Bombay High Court in CIT v. Gem Plus Jewellery India Ltd
[(2010) 194 taxman 192], has directed the AO to recomputed the
deduction ... Bombay High
Court in the matter of Gem Plus Jewellery India Ltd (supra). Hence
there was no lacuna in the direction
Court in the case of
'Commissioner of Income Tax v. Gem Plus Jewellery
India Ltd. ,' [2011] 330 ITR 175 [Bom] , wherein
Bombay High Court in the
case of CIT v. Gem Plus Jewellery India Ltd. (2010) 194 Taxman 192
(Bom) and Hon'ble Gujarat High
placing reliance on the judgment of Bombay High Court
in Gem Plus Jewellery India Ltd. (194 Taxman 192) found that in
respect of voluntary disallowance
Bombay High Court in the case of Gem
Plus Jewellery India Ltd reported in 330 ITR 175 (Bom.). AO is
directed accordingly. Therefore, the Revenue
decision of this Court in Commissioner of Income
Tax Vs. Gem Plus Jewellery India Ltd.1 . As the impugned order
of the Tribunal has only
Bombay High Court in the case
of CIT v. Gem Plus Jewellery India Ltd. (2010) 194 Taxman 192 (Bom) and
ITA Nos.2787 - 2792
Bombay High Court in
the case of CIT Gem Plus India Ltd. (330 ITR 175 and Income-tax Appellate Tribunal
Chennai Bench in case
