Pr. Commissioner Of Income Tax, Central -2 v. Parag M. Sanghvi
High Court
04 Jan 2019 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
Pr. Commissioner Of Income Tax, Central -2 v. Parag M. Sanghvi
Date of order
04 Jan 2019
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Pr. Commissioner Of Income Tax, Central -2 v. Parag M. Sanghvi, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.In the result, Income Tax Appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO. 1262 OF 2016
Pr. Commissioner of Income Tax, Central -2..Appellant
Vs.Parag M. Sanghvi..Respondent
….........
Mr. Ashok Kotangle a/w. Ms. Padma Divakar for appellant.
….........
CORAM : AKIL KURESHI &
M.S. KARNIK, JJ.
DATE : 4[th] JANUARY, 2019
P.C.:
In this Appeal the Department has challenged the
judgment of the Income Tax Appellate Tribunal dated30/9/2015 deleting the penalty against the respondent –assessee under Section 271(1)(c) of the Income Tax Act, 1961('the Act' for short).
2.Today by separate order passed in Income TaxAppeal No. 1261 of 2016 we have confirmed the Tribunal's
39.itxa 1262-16.doc
judgment on quantum additions. In that view of the matter, thequestion of penalty does not survive.
3.In the result, Income Tax Appeal is dismissed.
(M.S. KARNIK, J.) (AKIL KURESHI, J.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue