M/S.shashak Noble Metals Ltd v. Commissioner Of Income Tax
High Court
30 Jul 2007 In favour of: Revenue
Forum / Bench
High Court · newos
Parties
M/S.shashak Noble Metals Ltd v. Commissioner Of Income Tax
Date of order
30 Jul 2007
Assessment year(s)
—
Outcome
Dismissed
Case summary
In M/S.shashak Noble Metals Ltd v. Commissioner Of Income Tax, the High Court (2007) dismissed the appeal. The decision went in favour of the Revenue.
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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICITON
WRIT PETITION NO.1506 OF 2007
M/s.Shashak Noble Metals Ltd. .. Petitioner.
Versus
Commissioner of Income Tax,
Mumbai City 2 .. Respondent.
Mr.S.J. Mehta for the petitioner.
Mr.Ashok Kotangale for the respondent.
CORAM : F.I. REBELLO &
J.P. DEVADHAR, JJ.
DATED : 30TH JULY, 2007.
P.C. :
1. The reasons given in para 17 to explain
delay in filing the petition after 5 years would not
amount to sufficient reasons as the impugned order
was passed on 26th November, 2002 and there were
directors incharge of the Company. To contend that
the professional directors were not interested in
the affairs of the company would amount to non
performing of their duties. That cause would not
amount to sufficient cause. No case is made out for
condoning the latches in preferring the petition.
2. No interference is called for. Petition is
dismissed.
(F.I. REBELLO, J.)
(J.P. DEVADHAR, J.)
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