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Itxa/94/2011 Of The Commissioner Of Income Tax - 4 Mumbai v. First Flight Couriers Ltd

High Court 09 Jan 2012 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Itxa/94/2011 Of The Commissioner Of Income Tax - 4 Mumbai v. First Flight Couriers Ltd
Date of order
09 Jan 2012
Assessment year(s)
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In Itxa/94/2011 Of The Commissioner Of Income Tax - 4 Mumbai v. First Flight Couriers Ltd, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.

Issue: JOSHI, JJ.DATED : 9TH JANUARY, 2012 P.C. :- 1.Whether the ITAT was justified in deleting the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961, is the question raised in these appeals.

Decision: For the reasons stated therein, the present appeals are also dismissed with no order as to costs.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

Sections referenced in this judgment

mlns 1 itxa-87-11++ IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.87 OF 2011ANDINCOME TAX APPEAL NO.88 OF 2011ANDINCOME TAX APPEAL NO.94 OF 2011 The Commissioner of Income Tax-4 Mumbai. V/s. ..Appellant. M/s First Flight Couriers Ltd. ..Respondent. Mr.Vimal Gupta for the appellant. Mr.Sameer G. Dalal for the respondent. CORAM : J.P. DEVADHAR AND A.R. JOSHI, JJ.DATED : 9TH JANUARY, 2012 P.C. :- 1.Whether the ITAT was justified in deleting the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961, is the question raised in these appeals. 2.Counsel for the parties state that similar question raised by the revenue in the assessee's own case being Income Tax Appeal No. 6985 of 2010 has been dismissed on 15th of December 2011. For the reasons stated therein, the present appeals are also dismissed with no order as to costs. (A.R. JOSHI, J.) (J.P. DEVADHAR, J.)
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