Commissioner Of Income Tax v. M/S.trinity
High Court
14 Dec 2009 In favour of: Assessee
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Commissioner Of Income Tax v. M/S.trinity
Date of order
14 Dec 2009
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Commissioner Of Income Tax v. M/S.trinity, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.2114 OF 2009
Commissioner of Income Tax
Vs.
M/s.Trinity
..Appellant
..Respondent
Ms.Suchitra Kamble for appellant.
Dr.K.Shivram a/w. Mr.A.R.Singh for respondent.
P.C.
1.Heard.Perused appeal.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ.
DATE :
14TH DECEMBER,2009
2.The question sought to be raised in the appeal has been considered by the CIT(A) and affirmed by the Tribunal. Both the authorities below have rightly held that the subject property did not become the part of the property of the partnership firm, since it was never brought into the partnership firm. Under these circumstances, the view taken by the Tribunal is a reasonable and possible. No fault can be found with the same. In this view of the matter, the appeal is devoid of any substance. Hence, the same stands dismissed in limine with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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