Case Law › High Court › The Commissioner Of Income Tax-4 v. M/S....

The Commissioner Of Income Tax-4 v. M/S. Kotak Securities Ltd

High Court 12 Jul 2013 In favour of: Unclear

Forum / Bench

High Court · newos

Parties

Date of order

12 Jul 2013

Assessment year(s)

2002-03

Outcome

Other

The order — as passed by the High Court

Case summary

In The Commissioner Of Income Tax-4 v. M/S. Kotak Securities Ltd, the High Court (2013) decided the matter.

Decision: In the circumstances, and for the reasons indicated above, we allow the Review Petition and recall the order dated 3 April 2012 on question (i) as formulated by the Revenue.

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 REVIEW PETITION NO.30 OF 2013ININCOME TAX APPEAL NO.207 OF 2012 The Commissioner of Income Tax-4versusM/s. Kotak Securities Ltd. ..Petitioner. ..Respondent. ..... Mr. A.R. Malhotra for the Petitioner.Mr. F.V. Irani with Mr. A.K. Jasani for the Respondent. ..... CORAM : DR.D.Y.CHANDRACHUD, ANDR.D. DHANUKA, JJ. 12 July 2013. P.C. : A review has been sought of an order dated 3 April 2012 of this Bench in Income Tax Appeal 207 of 2012 insofar as question No.(i) is concerned. The Assessment Year is 2003-04. While disposing of the said question the Court followed the order which was passed in the appeal of the Revenue for Assessment Year 2002-03 (Income Tax Appeal 206 of 2012). In a companion Review Petition (Review Petition (Lodg.) 39 of 2012), the order insofar as the aforesaid question is concerned, has been recalled in relation to Assessment Year 2002-03. In the circumstances, and for the reasons indicated above, we allow the Review Petition and recall the order dated 3 April 2012 on question (i) as formulated by the Revenue. The Appeal shall now be set down for hearing before the regular Bench. (Dr. D.Y.Chandrachud, J.) ( R.D. Dhanuka, J.)

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