The Cit Central-Iii v. M/S.excel Industries Ltd
High Court
12 Mar 2008 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Cit Central-Iii v. M/S.excel Industries Ltd
Date of order
12 Mar 2008
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Cit Central-Iii v. M/S.excel Industries Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Issue: Question-(a) whether tax effect is only Rs.2,38,596/-, in our opinion considering the tax effect and as cause shown does not amount to sufficient cause, Motion alongwith Appeal dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
K.J. IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
NOTICE OF MOTION NO.564 OF 2005
IN
INCOME TAX APPEAL (L) NO.142 OF 2005
The CIT Central-III ..Appellant
Versus
M/s.Excel Industries Ltd., ..Respondent
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Mr.P.S.Sahadevan for the appellant.
Vasanti B.Patel 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 : 12.03.2008.
PC
1. There is a delay of 628 days in preferring the
appeal.
2. Question-(b) in paragraph-4 is answered in
favour of the assessee by the judgment of the
Supreme Court in 290 ITR 667 (SC).
3. Question-(a) whether tax effect is only
Rs.2,38,596/-, in our opinion considering the tax
effect and as cause shown does not amount to
sufficient cause, Motion alongwith Appeal dismissed.
(R.S.Mohite,J) (F.I.Rebello,J)
(R.S.Mohite,J) (F.I.Rebello,J)
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