Itxa/499/2008 Of The Commissioner Of Income Tax City -22 v. Punit D. Shah
High Court
11 Sep 2008 In favour of: Unclear
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Itxa/499/2008 Of The Commissioner Of Income Tax City -22 v. Punit D. Shah
Date of order
11 Sep 2008
Assessment year(s)
—
Outcome
Other
Case summary
In Itxa/499/2008 Of The Commissioner Of Income Tax City -22 v. Punit D. Shah, the High Court (2008) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
AGK IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.485 OF 2008
AND
INCOME TAX APPEAL NO.499 OF 2008
The Commissioner of Income-tax-22 ..Appellant.
V/s.
Shri Punit D. Shah ..Respondent.
Mr.R. Ashokan for the Appellant.
Mr.Andhyarujina, senior advocate i/by
Ms.Pallavi Divekar for the Respondent.
CORAM : D.K. DESHMUKH &
J.P. DEVADHAR, JJ.
DATED : 11TH SEPTEMBER, 2008.
P.C. :
1. Heard learned counsel for both the sides.
2. The assessing officer had some doubts
about the source of funds in the hands of the
creditors, from where the assessee had obtained
loan and explanation was given and the same has
been accepted by two authorities below. No
question of law arises in this Appeal. Hence,
rejected.
D.K. DESHMUKH, J.
J.P. DEVADHAR, J.
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