In M/S Mahendra Builders And Developers v. Pr. Commissioner Of Income Tax, the High Court (2018) dismissed the appeal. The decision went in favour of the Revenue.
Decision: It be listed for hearing alongwith ITA No.8/2016 and connected matters.The review petition stands disposed of.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HIGH COURT OF MADHYA PRADESH
R.P. No.669/2018
(M/s Mahendra Builders and Developers Vs. Pr. Commissioner of Income Tax)
Jabalpur, Dated : 4.7.2018
Shri Sanjay Kumar Patel, Advocate for the petitioner.
Shri Ashutosh Upadhyaya for the respondent.
The present review petition has been filed for restoration of ITANo.44/2016 which was disposed of by this Court on 11.2.2016.
Learned counsel for the petitioner points out that the Court has passed the
order on the assumption that the SLP (Civil) No.27133/2015 (Baljinder SinghKhanna Vs. Commissioner of Income Tax) preferred against an order passedby this Court in ITA No.40/2012 has been dismissed, but the matter is stillpending before the Supreme Court in SLP (Civil) No.35669/2015 (M/s GlobalRealty Vs. Commissioner of Income Tax).
In view of the said fact, the order dated 11.2.2016 is recalled.
ITA No.44/2016 is restored to its original number.
It be listed for hearing alongwith ITA No.8/2016 and connected matters.The review petition stands disposed of.
(Hemant Gupta) (Vijay Kumar Shukla) Chief Justice Judge
AnchalDigitally signed by ANCHAL KHARE
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