Jainam Investments v. Assistant Commissioner Of Income Tax
High Court
12 Oct 2021 In favour of: Unclear
Forum / Bench
High Court · newos
Parties
Jainam Investments v. Assistant Commissioner Of Income Tax
Date of order
12 Oct 2021
Assessment year(s)
2014-2015
Outcome
Other
Case summary
In Jainam Investments v. Assistant Commissioner Of Income Tax, the High Court (2021) decided the matter.
Decision: Accordingly, notice dated 11/10/2018 and impugned order dated 28/9/2019 are quashed and set aside.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
WRIT PETITION NO.2776 OF 2019
Jainam Investments
vs.Assistant Commissioner of Income Tax,Central Circle 8(1) Mumbai & Ors.
...Petitioner
...Respondents
Mr. Madhur Agrawal a/w. Mr. Fenil Bhatt i/b Mr. Atul K. Jasani for thePetitioner.Mr. Suresh Kumar for Respondent Nos.1 to 3.
CORAM : K. R. SHRIRAM &
AMIT B. BORKAR, JJ.
DATE : 12[th] OCTOBER 2021
P. C. :
Mr. Agrawal states that this petition which is for theAssessment Year 2015-2016 will also be covered by the earlierjudgment and order of this Court dated 24/8/2021 in Writ PetitionNo.2760/2019 for the Assessment Year 2014-2015 and therefore theimpugned notice dated 11/10/2018 along with impugned orderdated 28/9/2019 be set aside.
2.Mr. Suresh Kumar in all fairness, as an officer of the Courtagrees and says that the only difference will be the name of the bogusparties and the penny stock, otherwise the law as laid down squarelyapply. Accordingly, notice dated 11/10/2018 and impugned order
dated 28/9/2019 are quashed and set aside.
3.
Petition disposed accordingly.
(AMIT B. BORKAR, J)
(K. R. SHRIRAM, J.)
Digitally signedbyRAJESHWARISUBODHRAJESHWARISUBODHKARVEKARVEDate:2021.10.1410:51:18 +0530
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