2015 (8) TMI 55

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..... issioner of Incometax-I vs. Friends and Friends Shipping Pvt. Ltd. [2013 (5) TMI 458 - GUJARAT HIGH COURT] and Commissioner of Income Tax V. Mitsu Limited [2014 (4) TMI 168 - GUJARAT HIGH COURT], CIT v. Badridas Gauridu (P) Ltd. [2003 (1) TMI 61 - BOMBAY High Court] and CIT v. Soorajmull Nagarmull (1980 (9) TMI 69 - CALCUTTA High Court) with Commissioner of Income Tax-II vs. Panchmahal Steel Ltd. .....

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..... ve transaction ? 2. Heard Mr. Sudhir M. Mehta, learned advocate for the appellant and Mr. B.S.Soparkar, learned advocate for the opponent. 3. The substantial question of law framed in the present appeal for our consideration came to be considered by the different High Courts as well as by this Court on 23.8.2011 in Tax Appeal No.251 of 2010 in the case of Commissioner of Incometax-I vs. Frie .....

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