M/S.batliwala And Karani v. Asstt.commissioner Of Income Tax
High Court
28 Aug 2009 In favour of: Revenue
Forum / Bench
High Court · newos
Parties
M/S.batliwala And Karani v. Asstt.commissioner Of Income Tax
Date of order
28 Aug 2009
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In M/S.batliwala And Karani v. Asstt.commissioner Of Income Tax, the High Court (2009) dismissed the appeal. The decision went in favour of the Revenue.
Decision: In this view of the matter, appeal is without any substance and the same stands dismissed for want of substantial question of law with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
bgp
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.372 OF 2007
M/s.Batliwala and Karani Vs.Asstt.Commissioner of Income Tax
..Appellant
..Respondent
Ms.Aarti Sathe i/b. Mandar M.Vaidya for appellant.
P.C.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. 28TH AUGUST, 2009
DATE :
1.Heard learned Counsel for the appellant.
2.The Tribunal has expressed its clear finding that the subject transaction was a doubtful transaction. In order to reach this conclusion, the Tribunal has taken into account the surrounding factors, absence of acknowledgment, date on which the entries were taken in the account books and if all these facts are taken into account, one cannot say that the finding recorded by the Tribunal is a perverse finding. In this view of the matter, appeal is without any substance and the same stands dismissed for want of substantial question of law with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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