In The Commissioner Of Income Tax – 13, Mumbai v. M/S.n. Mohanlal And Company, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Issue: P.C. : DATE : 13[th] October 2011 1.Whether the Income Tax Appellate Tribunal was justified in deleting the disallowance of interest amounting to Rs.27,73,692/- is the question raised in this appeal.
Decision: The appeal is accordingly dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.186 OF 2010
The Commissioner of Income Tax – 13, Mumbai
Versus
M/s.N. Mohanlal and Company
..Appellant.
..Respondent.
Mr.D.K. Kamwal for the appellant.
CORAM : J.P. Devadhar &K.K. Tated, JJ.
P.C. :
DATE :
13[th] October 2011
1.Whether the Income Tax Appellate Tribunal was justified in deleting the disallowance of interest amounting to Rs.27,73,692/- is the question raised in this appeal.
2.The Income Tax Appellate Tribunal in para 7 of its order has held that there was no disallowance of interest in the assessment years 1997-98 to 1999-2000. Counsel for the Revenue is unable to show as to how the present case is different from the case of the assessee relating to assessment years 1998-98 to 1999-2000.
3.In these circumstances, we have no option but to dismiss the appeal. The appeal is accordingly dismissed with no order as to costs.
(K.K. Tated, J.)
(J.P. Devadhar, 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