Itxa/1110/2009 Of The Commissioner Of Income-Tax-3,Mum v. M/S Star Chemicals (Bom) Pvt Ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1110 OF 2009ANDINCOME TAX APPEAL NO.1153 OF2009 The Commissioner of Income Tax ..Appellant. V/s. Star Chemicals (Bom) Pvt. Ltd. ..Respondent. Mr. Vimal Gupta for appellant. Mr. Deepak Tralshawala with V.S. Hadade for respondent. CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 14TH AUGUST, 2009. P.C. :- 1.Heard learned counsel for the revenue. The question sought to be raised in the above appeals relates to the title which was acquired by adverse possession which did not involve any acquisition costs. The Tribunal was right in confirming order of the CIT(A) wherein view is taken that for want of acquisition cost, capital gain tax would not arise. The view taken is a reasonable and proper view. In this view of the matter, we do not see any substantial question of law arise in the appeal. 2.The appeal is, therefore, dismissed in limini with no order as to costs. (J.P.DEVADHAR, J.) (V.C.DAGA, J.)