Pr. Commissioner Of Income Tax – 10 v. Medley Pharmaceuticals Ltd.…
High Court
22 Jul 2019 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Pr. Commissioner Of Income Tax – 10 v. Medley Pharmaceuticals Ltd.…
Date of order
22 Jul 2019
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Pr. Commissioner Of Income Tax – 10 v. Medley Pharmaceuticals Ltd.…, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: Under the circumstances, these appeals do not surviveand are also dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO.O.C.J.
INCOME TAX APPEAL NO.1463 OF 2017
Pr. Commissioner of Income Tax – 10 … Appellant VsMedley Pharmaceuticals Ltd.… Respondent
With
INCOME TAX APPEAL NO.1604 OF 2017
Pr. Commissioner of Income Tax – 10 … Appellant
VsMedley Pharmaceuticals Ltd.… Respondent
With
INCOME TAX APPEAL NO.1607 OF 2017
Pr. Commissioner of Income Tax – 10 … Appellant
VsMedley Pharmaceuticals Ltd.… Respondent
With
INCOME TAX APPEAL NO.1610 OF 2017
Pr. Commissioner of Income Tax – 10
VsMedley Pharmaceuticals Ltd.
… Appellant
… Respondent
WithINCOME TAX APPEAL NO.1612 OF 2017
Pr. Commissioner of Income Tax – 10
… Appellant
Vs
Medley Pharmaceuticals Ltd.… Respondent
ANDINCOME TAX APPEAL NO.1290 OF 2017
Pr. Commissioner of Income Tax – 10
Vs
Medley Pharmaceuticals Ltd.
… Appellant
… Respondent
Mr.Akhileshwar Sharma for the Appellant
Ms.Shobha Jagtiani with Mr.Ravi R. i/b D.M. Harish Rao for theRespondent in all the matters
CORAM: AKIL KURESHI & S.J. KATHAWALLA, JJ.
DATED: JULY 22, 2019
P.C.:
1.All these appeals involve the same assessee and concern
the question of penalty imposed by the Assessing Officer undersection 271(1)(c) of the Income Tax Act. The Tribunal having
deleted the quantum additions, as a consequence, had also deltedthe penalty.
2.Today, by a separate order passed in Income Tax AppealNo.510 of 2017 and connected appeals, the Revenue’s appealsagainst the quantum deletions by the Tribunal have beendismissed. Under the circumstances, these appeals do not surviveand are also dismissed.
(S.J. KATHAWALLA, J.)
(AKIL KURESHI, J.)
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