In Itxa/1245/2007 Of The Commissioner Of Income Tax-24 v. M/S. Sagar Malkani Associates, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: Appeal is, therefore, dismissed inlimine 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 JURISDICTION
INCOME TAX APPEAL NO. 1245 OF 2007
The Commissioner of Income-tax-24,Mumbai.... Appellant.V/s.M/s.Sagar Malkani Associates.... Respondent.
Ms.Suchitra Kamble for the appellant.
A.K.Jasani for the respondent.
CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ.
DATED : 9th April 2009.P.C. :----.Heard learned counsel for the parties.
Perused appeal papers.
2.All the questions sought to be raised in
this appeal revolve around the appreciation ofevidence with respect to subject transaction.
3.We were taken through the order of the
Tribunal of which para-7 clearly demonstrates that
the findings are based on appreciation of evidence.
4.In the above view of the matter, nosubstantial question of law arises from the order ofthe Tribunal. Appeal is, therefore, dismissed inlimine with no order as to costs.
(J.P.DEVADHAR, J.)
(V.C.DAGA J.)
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