The Commissioner Of Income Tax-17 v. M/S. P.d. Warehousing Corporation
High Court
22 Jun 2012 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax-17 v. M/S. P.d. Warehousing Corporation
Date of order
22 Jun 2012
Assessment year(s)
2005-06, 2004-05
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax-17 v. M/S. P.d. Warehousing Corporation, the High Court (2012) 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.
Sections referenced in this judgment
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.5607 OF 2010
The Commissioner of Income Tax-17.Vs.M/s. P.D. Warehousing Corporation.
....Appellant.
...Respondent.
Mr. D.K. Kamwal for the Appellant.
Mr. A. K. Jasani for the Respondent.
CORAM : S.J.VAZIFDAR &
M.S. SANKLECHA, JJ.
DATE : 22[th] June, 2012
PC:
This appeal has been filed by the revenue under Section-260A of the Income Tax Act, 1961 against the order dated 10[th ]February, 2010 of the Income Tax Appellate Tribunal dealing with the Assessment Year 2005-06. The question raised in this appeal is identical with the question raised in Income Tax Appeal No.5606 of 2010 for the Assessment Year 2004-05.The issue in both the appeals is with regard to allowability of interest as deduction under Section 36(i)(ii) of the Income Tax Act. Today, this Court by reasons has dismissed the Appeal No.5606 of 201 for the Assessment Year 2004-05 holding that no substantial question of law arises for consideration by this Court..
ASN
2In view of the above and for the reasons recorded in Appeal No.5606 of 2010 no substantial question of law arises for consideration by this Court in this appeal also. The appeal is dismissed. No order as to costs.
( M.S. SANKLECHA, J. )
( S. J. VAZIFDAR, J.)
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