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Nirmal Baug Equities Pvt.ltd., Mumbai 400 023 … v. The Deputy Commissioner Of Income Tax, Circle 4(2)(1), Mumbai 400 020 And Anr

High Court 26 Feb 2016 In favour of: Revenue
Forum / Bench
High Court · newos
Parties
Nirmal Baug Equities Pvt.ltd., Mumbai 400 023 … v. The Deputy Commissioner Of Income Tax, Circle 4(2)(1), Mumbai 400 020 And Anr
Date of order
26 Feb 2016
Assessment year(s)
2010-11
Outcome
Dismissed

Case summary

In Nirmal Baug Equities Pvt.ltd., Mumbai 400 023 … v. The Deputy Commissioner Of Income Tax, Circle 4(2)(1), Mumbai 400 020 And Anr, the High Court (2016) 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.

Sections referenced in this judgment

The order — as passed by the High Court

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION (L) NO.328 OF 2016 Nirmal Baug Equities Pvt.Ltd.,Mumbai 400 023 … Petitioner v/sThe Deputy Commissioner of Income Tax, Circle 4(2)(1),Mumbai 400 020 and anr. … Respondents Mr Sameer G. Dalal for Petitioner. Mr Suresh Kumar for Respondents. CORAM: M.S. SANKLECHA AND B.P. COLABAWALLA JJ. DATE : 26TH FEBRUARY, 2016 P.C.:- 1. This Petition challenges the reopening notice dated 17[th] March 2015 issued under section 148 of the Income Tax Act 1961 (the Act) seeking to reopen assessment for AY 2010-11. 2.Mr Dalal, learned counsel appearing for the Petitioner states that after filing of the present Petition, the Assessing Officer by order dated 22[nd] February 2016 has withdrawn the reopening proceedings initiated by the impugned notice dated 17[th] March 2015. In the above view, Mr Dalal seeks to withdraw the Petition. 3.Petition dismissed as withdrawn. No order as to costs. (B.P.COLABAWALLA, J.) (M.S. SANKLECHA, J.)
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