Ita/53/2015 Of Bazpur Cooperative Sugar Factory Ltd v. Commissioner Of Income Tax Haldwani
High Court
25 Sep 2018 In favour of: Revenue
Forum / Bench
High Court · ukhcucis_pg
Parties
Ita/53/2015 Of Bazpur Cooperative Sugar Factory Ltd v. Commissioner Of Income Tax Haldwani
Date of order
25 Sep 2018
Assessment year(s)
2003-04
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Ita/53/2015 Of Bazpur Cooperative Sugar Factory Ltd v. Commissioner Of Income Tax Haldwani, the High Court (2018) dismissed the appeal. The decision went in favour of the Revenue.
Decision: Accordingly, there is no merit in this appeal and the same is hereby dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
ITANo.53/15Hon’ble Rajiv Sharma, ACJ.Hon’ble Manoj Kr. Tiwari, J.
Ms. Puja Banga, Advocate, for the
appellant.
Mr. H.M. Bhatia, Advocate, for the Department.
This appeal is instituted against the judgment dated 17.7.2015 rendered by the Income Tax Appellate Tribunal, Delhi ‘H’ Bench in ITA No.3579/D/2011 for the Assessment Year 2003-04.
The core question to be decided in this appeal is in which year the loss on account of embezzlement has crystallized. Appellant has not placed on record any tangible material to prove that in which year the embezzlement has taken place. This was also not reflected in the profit and loss account.
We, therefore, find no illegality or perversity in the judgment under challenge. Accordingly, there is no merit in this appeal and the same is hereby dismissed.
(Manoj Kr. Tiwari, J.) (Rajiv Sharma, ACJ.) 25.09.2018Rdang
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