# PR. COMMISSIONER OF INCOME TAX-14 vs BUNIYAD CHEMICALS LTD.

Court: Bombay High Court
Date: 2025-03-17
Citation: ITXA/1796/2018
Petitioner: PR. COMMISSIONER OF INCOME TAX-14
Respondent: BUNIYAD CHEMICALS LTD.

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6IllXQVUvc2JVeXh2NVNmeFIwdml0aHc9PSIsInZhbHVlIjoibG95b3hqdlE4ZWVzKzNuRDJlc1lhSmZKNDJHMUd1eFBBQlYxM0xKUFU1T3hVcVZSK2d5VzNDc3JMOXhIcEgzZzAxTHlJZW1MYWJGQ1NkMlZOd2NxdFE9PSIsIm1hYyI6ImU0MWQyOTI0ZjJkN2RiMjdhZThlZDhmNTJjNWQ3OGMwYmU0YzQxMTAyMWVhNDg4YWQwYzM2NzlhZWE4ODFkMjUiLCJ0YWciOiIifQ==?expires=1782776745&signature=5370012cd111df249ab6715439a8e10a33e2f15422d950012a3204ae76934100)

## Judgment text (excerpt)

SAYYED Digitally by SAYYED signed SAEED AHMED ALI SAEED ALI 1 3.ITXA.1796.18.docx ALI Date: AHMED 2025.03.17 15:04:05 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ALI +0530 ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1796 OF 2018 Principal Commissioner of Income-tax - 14 ) Room No.469, Aayakar Bhavan, ) M.K.Road, Mumbai 400020 ) Mumbai – 400 001. ) .. Appellant Versus M/s Buniyad Chemicals Ltd. ) Block H, Shri Sadashiv CHS Ltd ) 6th Road, Santacruz East, ) Mumbai 400055 ) .. Respondent ______________________________________________________ Mr. Suresh Kumar for the petitioner. Mr. Aditya Sharma i/by M.A.Narvekar for the respondent- assessee. ______________________________________________________ CORAM M.S. Sonak & Jitendra Jain, JJ. RESERVED ON: 5 March 2025 PRONOUNCED ON: 17 March 2025 JUDGMENT (Per Jitendra Jain, J):- 1. This appeal filed by the appellant-revenue for the assessment year (AY) 2009-10 challenges an order of the Income-tax Appellate Tribunal dated 30 May 2017 and same was admitted under Section 260A of the Income-tax Act, 1961 vide our order dated 5 February 2025 on the following substantial questions of law : “(a) Whether, on the facts and in the circumst

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