THE COMMISSIONER OF INCOME TAX, CENTRAL II, MUMBAI vs M/S PATEL ENGINEERING LTD. ,MUMBAI

1-itxa 1146-04-J.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1146 OF 2004 WITH INCOME TAX APPEAL NO. 934 OF 2008 The Commissioner of Income Tax Central-II, Aayakar Bhavan, 4th Floor, M. K. Road, Mumbai-400 020. … Appellant Versus M/s. Patel Engg. Ltd., Patel Estate, S. V. Road, Jogeshwari (West), Mumbai-400 102. ... Respondent __________________________ Mr. N. C. Ranganayakulu for the Appellant. Mr. Percy Pardiwala, Senior Advocate a/w. Mr. Madhur Agarwal, Mr. Punit Shah, Mr. Ranjit Shetty, Mr. Rahul Dev and Ms. Avina Karnad i/b Argus Partners for the Respondent in ITXA 934/08. Mr. Rafique Dada, Senior Advocate a/w. Mr. Percy Pardiwalla, Senior Advocate, Mr. Madhur Agrawal, Mr. Ranjit Shetty, Mr. Punit Shah, Mr. Rahul Dev and Ms. Avina Karnad i/b Argus Partners for the Respondent in ITXA 1146/04. __________________________ CORAM : M. S. KARNIK AND S. M. MODAK, JJ. JUDGMENT RESERVED ON : 12th FEBRUARY, 2026 JUDGMENT PRONOUNCED ON : 11th MARCH, 2026 JUDGMENT (PER M. S. KARNIK, J.): 1. These are appeals under the provisions of Section 260A of the Income-Tax Act, 1961 (“the said Act” for short) preferred by the Revenue Amk 1/