M/S. Rana Polycot Ltd v. The Additional Commissioner Of Income Tax, Range-I, Chandigarh
High Court
15 May 2015 In favour of: Revenue
Forum / Bench
High Court · phhc
Parties
M/S. Rana Polycot Ltd v. The Additional Commissioner Of Income Tax, Range-I, Chandigarh
Date of order
15 May 2015
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In M/S. Rana Polycot Ltd v. The Additional Commissioner Of Income Tax, Range-I, Chandigarh, the High Court (2015) dismissed the appeal. The decision went in favour of the Revenue.
Decision: The present appeal is dismissed in the abovesaid terms.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH
ITA No. 69 of 2015 (O & M)Date of Decision:- 15.05.2015
M/s. Rana Polycot Ltd.
vs.
......Appellant(s)
The Additional Commissioner of Income Tax, Range-I, Chandigarh
......Respondent(s)
CORAM:- HON'BLE MR. JUSTICE S.J. VAZIFDAR,ACTING CHIEF JUSTICE
HON'BLE MR. JUSTICE G.S.SANDHAWALIA
Present:-Mr. Nitin Kaushal, Advocate,for the appellant.
S.J. VAZIFDAR, A.C.J. (Oral)
The appellant has inter alia raised the following substantial
question of law:-
(ii)Whether the Ld. Tribunal is correct in lawin not appreciating the purposive, conscious and
intentional usage of the term 'PAYABLE' by the
Legislature in section 40(a)(ia) of the Income Tax
Act?”
The question has been answered against the appellant by an
order and judgment dated 29.04.2015 passed by this Court in ITA No. 716
of 2009, M/s. P.M.S. Diesels vs. CIT-2, Jalandhar.
The present appeal is dismissed in the abovesaid terms.
(S.J. VAZIFDAR)
ACTING CHIEF JUSTICE
15.05.2015shivani
(G.S. SANDHAWALIA)
JUDGE
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