In Gtxa/5298/2010 Of The Commissioner Of Income Tax-6 Mumbai v. Janta Bazar And Stores Pvt Ltd, the High Court (2009) decided the matter.
Issue: 2.Whether the Tribunal was justified in holding that no gift took place in the assessment year 1995-96 is the question of law raised in this appeal.
Decision: Appeal is dismissed in limine with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONGIFT TAX APPEAL (LDG.) NO. 1422 OF 2009
The Commissioner of Income-tax-,
... Appellant.
M/s.Janta Bazar & Stores Pvt.Ltd.... Respondent.
Suresh Kumar for the appellant.
P.C. :
Heard. Office objections are over-ruled. Appeal is taken up for hearing at the request of the appellant.
2.Whether the Tribunal was justified in holding that no gift took place in the assessment year 1995-96 is the question of law raised in this appeal. The Tribunal has recorded concurrent finding of fact that no gift took place during the assessment year in question, as such deleted addition made by the assessing officer. No substantial question of law is involved in this appeal. Appeal is dismissed in limine with no order as to costs.
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