The Commissioner Of Income Tax – 18, Mumbai v. M/S.aero Industries
High Court
21 Jul 2009 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax – 18, Mumbai v. M/S.aero Industries
Date of order
21 Jul 2009
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax – 18, Mumbai v. M/S.aero Industries, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
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.
Sections referenced in this judgment
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO.1292 OF 2009
The Commissioner of Income Tax – 18, Mumbai..Appellant.VersusM/s.Aero Industries, Prop. Joitabhai Trust, Mumbai..Respondent.
Ms.Suchitra Kamble for the appellant.None for the respondent.
CORAM : V.C. DAGA & J.P. DEVADHAR, JJ.
DATE : 21ST JULY, 2009.
P.C. :
1.Heard learned counsel for the revenue. The question sought to
be raised in this appeal revolves around penalty under Section 271(1)(c) of the I.T. Act, 1960. The tribunal has deleted the penalty holding that the wrong claim made by the appellant cannot be a ground for levying penalty. In addition to this, the quantum addition is also deleted by the tribunal. No fault can be found with the view taken by the tribunal.
2.We see no substantial question of law involved in this appeal. The appeal is accordingly dismissed with no order as to costs.
(J.P. Devadhar, J.)
(V.C. Daga, J.)
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