In Itxa/166/2008 Of The Commissioner Of Income Tax-20 Mumbai v. Sh. Jaydeep D. Palani, the High Court (2008) decided the matter.
Decision: The appeal is therefore,rejected.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
1
The Commissioner of income Tax-20....Appellant
Sh.Jaydeep D. Palani....Respondent.---
Mr.R.Ashokan, for Appellant.Mr.K.Gopal with Jitendra Singh, for Respondent.
P.C.:-
1.Heard the learned Counsel appearing for boththe sides. Perusal of the order shows that theprincipal finding recorded by the tribunal is thatthe Assessing officer has proceeded on thepresumption that the assessee is following mercantilesystem of accounting, whereas the tribunal as a facthas found that the Assessee was not following thatsystem of accounting. The whole finding of thetribunal is based on these observations and that
finding is not challenged. No question of law reallyarises from the order. The appeal is therefore,rejected.
(D.K.DESHMUKH, J.)
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(J.P.DEVADHAR, J.)
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