Case Law › High Court › The Cit-14 v. M/S.s.mansukhlal & Co

The Cit-14 v. M/S.s.mansukhlal & Co

High Court 17 Nov 2008 In favour of: Assessee

Forum / Bench

High Court · newos

Parties

Date of order

17 Nov 2008

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In The Cit-14 v. M/S.s.mansukhlal & Co, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.

Issue: Specially for the reasons stated in paragraph No.2 of the said order it is explicitly clear that the matter has been remanded back to the Assessing Officer to verify whether there is nexus between the interest received and the interest paid.

Decision: Hence, Appeal stands dismissed.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

( 1 ) IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1045 OF 2008 INCOME TAX APPEAL NO.1045 OF 2008 The CIT-14 .. Appellant Vs. M/s.S.Mansukhlal & Co. .. Respondent Mr.D.K.Kanwal for the Appellant. Mr.Prakash Shah i/by M/s.PDS Legal for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & V.C.DAGA, JJ. CORAM :- DR.S.RADHAKRISHNAN & V.C.DAGA, JJ. DATE : 17th November, 2008 DATE : 17th November, 2008 DATE : 17th November, 2008 P.C. P.C. 1. Heard the learned Counsel for the parties. Perused an order of the ITAT dated 12.12.2007. Specially for the reasons stated in paragraph No.2 of the said order it is explicitly clear that the matter has been remanded back to the Assessing Officer to verify whether there is nexus between the interest received and the interest paid. In view thereof, we do not find any substantial question of law involved in this Appeal. Hence, Appeal stands dismissed. (V.C.DAGA,J.) (DR.S.RADHAKRISHNAN,J.) (V.C.DAGA,J.) (DR.S.RADHAKRISHNAN,J.)

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