The Cit-8 Mumbai v. M/S.nirvan Builders & Developers Ltd
High Court
18 Mar 2008 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Cit-8 Mumbai v. M/S.nirvan Builders & Developers Ltd
Date of order
18 Mar 2008
Assessment year(s)
1997-98
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Cit-8 Mumbai v. M/S.nirvan Builders & Developers Ltd, 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.
K.J. IN THE HIGH COURT OF JUDICATRE AT BOMBAY
ORDINARY ORIGINAL CIVIL JRISDICTION
INCOME TAX APPEAL NO.1401 OF 2007
The CIT-8 Mumbai ..Appellant
Versus
M/s.Nirvan Builders & Developers Ltd...Respondents
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Mr.S.M.Shah with Mr.P.S.Sahadevan for the appellant.
Mrs.Usha Dalal for the respondents.
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Coram : F.I.Rebello & R.S.Mohite,JJ
Coram : F.I.Rebello & R.S.Mohite,JJ
Date : 18.03.2008.
PC
1. For the A.Y.1997-98 on similar issue appeal was
dismissed. Even otherwise in CIT v/s. M/s.ExcelRealtors Ltd., in Income Tax Appeal (L) No.1978 of
2006 decided on 16th Janary 2008, we have taken a
view that the interest earned cannot be treated as
income from other sources.
2. In the light of the above, questions of law as
framed would not arise and consequently appeal
dismissed.
(R.S.Mohite,J) (F.I.Rebello,J)
(R.S.Mohite,J) (F.I.Rebello,J)
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