In Itxa/583/2005 Of M/S Hiralal Maganlal And Co v. The Dy. Commissioner Of Income-Tax-Spl -52, the High Court (2009) dismissed the appeal. The decision went in favour of the Revenue.
Issue: CORAM : F.I.REBELLO & R.S.MOHITE, JJ.DATE : 2ND MARCH, 2009. the impugned order of the tribunal ought to be set aside. not preserved and he was not aware whether stock has been accounted for. sum of Rs.2/- Crores as unaccounted income of the assessee firm for the year 1996-97. opinion that the tribu...
Decision: CORAM : F.I.REBELLO & R.S.MOHITE, JJ.DATE : 2ND MARCH, 2009. the impugned order of the tribunal ought to be set aside. not preserved and he was not aware whether stock has been accounted for. sum of Rs.2/- Crores as unaccounted income of the assessee firm for the year 1996-97. opinion that the tribu...
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Mr.P.R.Toprani with Mr. Y.P.Trivedi and Ms. Usha Dalalfor the Appellant.
Mr. A.S. Shivsharan with Mr.P.S.Sahadevan for theRespondent.
CORAM : F.I.REBELLO & R.S.MOHITE, JJ.DATE : 2ND MARCH, 2009.
the impugned order of the tribunal ought to be set
aside.
not preserved and he was not aware whether stock has
been accounted for.
sum of Rs.2/- Crores as unaccounted income of the
assessee firm for the year 1996-97.
opinion that the tribunal has rightly rejected the
contention.
Prataprai Sanghavi and Jhaverchand Momaya were recorded
and they were voluntary.
8. We are clearly of the opinion that the order doesnot give rise to any substantial questions of law. Thefindings are findings of fact.
9. Clearly therefore, no questions of law as framed
would arise. Consequently, appeal dismissed.
(R.S. MOHITE, J.)
(F.I. REBELLO, J.)
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