The Commissioner Of Income Tax-19 v. Krishna Bhojwani
High Court
08 Oct 2012 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax-19 v. Krishna Bhojwani
Date of order
08 Oct 2012
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax-19 v. Krishna Bhojwani, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons stated therein, the appeal is dismissed.
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.605 OF 2012
The Commissioner of Income Tax-19.
v.
Krishna Bhojwani.
..Appellant.
..Respondent.
Mr. S.V.Bharucha with Mr. D.K.Kamwal for the Appellant.Mr. J. D, Mistri, Senior Counsel with Mr. Atul K. Jasani for the Respondent.
CORAM : J.P. DEVADHAR &
M.S. SANKLECHA, JJ.
DATE : 08[th] October, 2012.
PC:
The question of law raised by the revenue in this appeal read thus:
Whether on the facts and in the circumstances
of the case and in law the Income Tax Appellate Tribunal was justified in upholding the order of the CIT(A) holding that the notional interest on income interest free security deposit and advance rent cannot be included in the income from property for the purpose of section 23(1)(a) of the Income Tax Act,1961?
Counsel for the parties state that similar question raised by
the revenue in the Assessee's own case in Income Tax Appeal (L) No.1245 of 2011 has been dismissed by this Court on 30[th] November 2011. For the reasons stated therein, the appeal is dismissed. No order as to costs.
( M.S. SANKLECHA, J. )
( J.P. DEVADHAR, J.)
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