Income Tax Appeal v. Aryaman Builders &Developers, Nagpur)With
High Court
11 Jun 2015 In favour of: Assessee
Forum / Bench
High Court · testcase
Parties
Income Tax Appeal v. Aryaman Builders &Developers, Nagpur)With
Date of order
11 Jun 2015
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Income Tax Appeal v. Aryaman Builders &Developers, Nagpur)With, the High Court (2015) dismissed the appeal. The decision went in favour of the assessee.
Decision: The income tax appeals are, therefore, dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
FARAD CONTINUATION SHEET No.IN THE HIGH COURT OF JUDICATURE AT BOMBAYNAGPUR BENCH AT NAGPUR
INCOME TAX APPEAL NO. 105/2013(THE COMMISSIONER OF INCOME TAX-I, NAGPUR VERSUS ARYAMAN BUILDERS &DEVELOPERS, NAGPUR)WITH
INCOME TAX APPEAL NO. 106/2013
(THE COMMISSIONER OF INCOME TAX-I, NAGPUR VERSUS ARYAMAN BUILDERS &DEVELOPERS, NAGPUR)
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Office Notes, Office Memoranda of Coram, appearances, Court's orders of directionsand Registrar's orders
Court's or Judge's orders
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Shri A. Parchure, counsel for the appellant.
Shri S.N. Bhattad, counsel for the respondent.
CORAM : SMT. VASANTI A. NAIKANDC.V. BHADANG,JJ.
DATE:JUNE 11, 2015.
Since the issue involved in these appeals is identicaland by both the appeals, the Department challenges the order ofthe Tribunal allowing deduction under Section 80IB(10) of theIncome Tax Act for the relevant assessment year, they are heardtogether and are decided by this common order.
Shri Bhattad, the learned counsel for the respondent-Assessees, states that the issue involved in these appeals standsanswered in favour of the assessees in view of the judgment of thisCourt, reported in 2012 (76) BTR 363, in the case of Commissionerof Income Tax Versus Vandana Properties.
Shri Parchure, the learned counsel for the appellant-Department, on a perusal of the judgment, does not dispute thestatement.
In view of the aforesaid, since the issue standsanswered in favour of the assessee by the judgment reported in2012 (76) BTR 363 (Commissioner of Income Tax Versus VandanaProperties), no substantial question of law would arise forconsideration in these appeals.
The income tax appeals are, therefore, dismissed with
no order as to costs.
APTE
JUDGE
JUDGE
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