Itxa/301/2008 Of The Commissioner Of Income-Tax v. M/S Tips Films Pvt Ltd
High Court
08 Aug 2008 In favour of: Unclear
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Itxa/301/2008 Of The Commissioner Of Income-Tax v. M/S Tips Films Pvt Ltd
Date of order
08 Aug 2008
Assessment year(s)
—
Outcome
Other
The order — as passed by the High Court
Case summary
In Itxa/301/2008 Of The Commissioner Of Income-Tax v. M/S Tips Films Pvt Ltd, the High Court (2008) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
1
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.301 OF 2008
The Commissioner of Income TaxCentral II....Appellant
M/s.Tips Films Pvt.Ltd.
...Respondent.
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Ms.Anamika Malhotra, for appellant.Mr.V.S.Hadade, for Respondent.
CORAM: D.K.DESHMUKH & J.P.DEVADHAR, JJ.DATED: 8[th] August, 2008.
P.C.:-
1.Heard the learned Counsel appearing forappellant. The reason disclosed is that the incomearising out of both the agreements has been assessedto tax. The tribunal has held that, therefore, there
was no culpable intention or suppression ofinformation, and therefore, penalty should not havebeen imposed. No question of law arises. Appeal istherefore, rejected.
(D.K.DESHMUKH, J.)
(J.P.DEVADHAR, J.)
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