In The Commissioner Of Income Tax – 9, Mumbai v. M/S.jaihind Exports P Limited, 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 addition of Rs.11,33,633/- in the assessment year 2001-2002 on account of unpaid liability 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.5282 OF 2010
The Commissioner of Income Tax – 9, Mumbai..Appellant.
Versus
M/s.Jaihind Exports P Limited..Respondent.
Mr.Suresh Kumar 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 addition of Rs.11,33,633/- in the assessment year 2001-2002 on account of unpaid liability is the question raised in this appeal.
2.Admittedly, the said amount has been offered to tax in the subsequent assessment year 2003-2004 and said order has attained finality.
In this view of the matter, we see no merit in this appeal. The appeal is accordingly dismissed with no order as to costs.
(K.K. Tated, J.)
(J.P. Devadhar, J.)
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