Mumbai City-Vii Mumbai v. M/S.r.m.p.bearing Co
High Court
12 Dec 2007 In favour of: Unclear
Forum / Bench
High Court · newos
Parties
Mumbai City-Vii Mumbai v. M/S.r.m.p.bearing Co
Date of order
12 Dec 2007
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Mumbai City-Vii Mumbai v. M/S.r.m.p.bearing Co, the High Court (2007) dismissed the appeal.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.241 OF 2001
INCOME TAX APPEAL NO.241 OF 2001
The Commissioner of Income Tax )..Appellants
Mumbai City-VII Mumbai.
Versus
M/s.R.M.P.Bearing Co. )..Respondents
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Mr.P.S.Sahadevan for the appellants.
Mrs.Asifa Khan with Ms.J.N.Dolat for respondents.
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Coram : F.I.Rebello &
R.S.Mohite,JJ
Date : 12.12.2007.
PC
1. The revenue has preferred this appeal on the
questions of law as formulated in paragraph-5 of
memo of appeal. The issue pertains to capital gains
on transfer of capital asset of the firm to a
company. This issue is covered by the judgment of
this Court in CIT v. Texspin Engg.& Mfg.Works (Bom)
reported in 263 ITR 345. Special Leave Petition
preferred was dismissed on the ground of delay.
However, considering the judgment of this Court, we
find the questions as framed does not arise and
consequently, appeal dismissed.
(R.S.Mohite,J) (F.I.Rebello,J)
(R.S.Mohite,J) (F.I.Rebello,J)
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