Itxa/1130/2016 Of Principal Commissioner Of Income Tax-33 Mumbai v. Krishna Tandon (Huf)
High Court
23 Jan 2019 In favour of: Assessee
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Itxa/1130/2016 Of Principal Commissioner Of Income Tax-33 Mumbai v. Krishna Tandon (Huf)
Date of order
23 Jan 2019
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itxa/1130/2016 Of Principal Commissioner Of Income Tax-33 Mumbai v. Krishna Tandon (Huf), the High Court (2019) 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.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 1130 OF 2016
Pr. Commissioner of Income Tax-33
.. Appellant
v/s. Krishna Tandon (HUF).. Respondent
Mr. Arvind Pinto for the appellant None for the respondent
P.C.
CORAM : AKIL KURESHI &
M.S. SANKLECHA, J.J.
DATED : 23[rd] JANUARY, 2019
1.The appeal is filed by the Revenue challenging the judgment ofthe Income Tax Appellate Tribunal ("the Tribunal" for short) holdingthat the receipts of the respondent assessee arising out of sale of sharesare the assessee's capital gain. The respondent assessee is an HUF.
Identical question arose in case of the individual who happens to be the
Karta of the present respondent HUF. We have passed a detailedorder in Income Tax Appeal No.1146 of 2016 dismissing the Revenue'sappeal.
2.Facts being identical, without recording separate reasons, this taxappeal is also dismissed.
(M.S. SANKLECHA, J.)
(AKIL KURESHI, J.)
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