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2024 DAILYLAW 2332 (BOM)

PR COMMISSIONER OF INCOME TAX 1 v. FIRMENICH AROMATICS PRODUCTION INDIA PVT LTD

IA/768/2026 · 2026-08-28

body2024

Judgment text

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2.ITXAL4130_2024.DOC Vidya Amin IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO. 4130 OF 2024 WITH INTERIM APPLICATION NO. 768 OF 2026 Principal Commissioner of Income Tax 1 … Appellant/Applicant Vs. Firmenich Aromatics Production (India) Pvt. Ltd. … Respondent _________ Mr. Suresh Kumar for the appellant/applicant. Mr. Paras S. Savla a/w. Pratik Poddar, Rajnadini Shukla for the respondent. __________ CORAM: G. S. KULKARNI & DR. NEELA GOKHALE, JJ. DATE: 28 AUGUST, 2026. P.C. 1. Mr. Suresh Kumar, learned counsel for the Appellant-Revenue, on instructions, states that present appeal involves tax effect of Rs. 1,83,78,344/-. In this view of the matter, considering the tax effect and in terms of Circular No.9/2024, dated 17th September 2024 issued by CBDT, the proceedings are not needed to be taken forward. The assessment year in question in the present appeal is A.Y. 2017-18. 2. The appeal is accordingly allowed to be withdrawn. 3. Disposed of. No costs. 4. Refund of court fees as per rules. 5. The questions of law are expressly kept open. 6. Interim application would not survive. It is accordingly disposed of. (DR. NEELA GOKHALE, J.) (G. S. KULKARNI, J.) 28 August, 2026 2026:BHC-OS:19548-DB Signed by: Vidya S. Amin Designation: PS To Honourable Judge Date: 02/09/2026 12:04:55