The Cit-14 Mumbai v. Mehul J.khokani
High Court
03 Mar 2008 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Cit-14 Mumbai v. Mehul J.khokani
Date of order
03 Mar 2008
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Cit-14 Mumbai v. Mehul J.khokani, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
KJ IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.2265 OF 2007
The CIT-14 Mumbai ..Appellant
Versus
Mehul J.Khokani ..Respondent
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Mr.S.M.Shah with Mr.Sandeep Wasnik &
Mr.P.S.Sahadevan for the appellant.
Mr.B.V.Jhaveri for the respondent.
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Coram : F.I.Rebello & R.S.Mohite,JJ
Coram : F.I.Rebello & R.S.Mohite,JJ
Coram : F.I.Rebello & R.S.Mohite,JJ
Date : 3rd March 2008.
PC
1. The jewellery which is the subject matter was
also the subject matter of the VDIS declaration.
Alongwith the declaration the appellant also filed
affidavit that the jewellery in question was
acquired on or before 1.4.1981. Tribunal relied on
the circular of CBDT, dismissed the appeal.
2. We find, after considering the said CBDT
circular, the question of law as framed would not
arise as the appellant has filed the affidavit of
the year of purchase of jewellery. Appeal
accordingly dismissed.
(R.S.Mohite,J) (F.I.Rebello,J)
(R.S.Mohite,J) (F.I.Rebello,J)
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