The Commissioner Of Income Tax (Central), Nagpur v. M/S Kasliwal Suvarnyog, Aurangabad
High Court
23 Dec 2014 In favour of: Assessee
Forum / Bench
High Court · hcaurdb
Parties
The Commissioner Of Income Tax (Central), Nagpur v. M/S Kasliwal Suvarnyog, Aurangabad
Date of order
23 Dec 2014
Assessment year(s)
2007-2008
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax (Central), Nagpur v. M/S Kasliwal Suvarnyog, Aurangabad, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: The Appeal stands dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
1 ITA49.2014
IN THE HIGH COURT OF JUDICATURE AT BOMBAYBENCH AT AURANGABAD.
INCOME TAX APPEAL NO. 49 OF 2014
The Commissioner of Income Tax (Central), Nagpur.
...Appellant..
Versus
M/s Kasliwal Suvarnyog, Aurangabad.
..Respondent..
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Mr Alok Sharma, Advocate for the appellantMr Anil S. Bajaj, Advocate with Mr Harshwardhan Bajaj, Advocate with Ms Ankita Sethiya, Advocate for respondent
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CORAM: A. V. NIRGUDE & V. L. ACHLIYA, JJ.DATE : DECEMBER 23 , 2014.
PER COURT :
1.Heard learned Counsel for the parties. In this case, the respondent has offered its profit to tax in the Assessment Year 2007-2008 in respect of a housing project, which he developed for which approval was given by the local authorities before 2005. In this factual background, the impugned judgment appears to be in consonance with the law laid down by this Court in the case of TheCommissioner of Income Tax Vs. Happy Home Enterprises, (2014)271 CTR (Bom) 524. The present appeal does not give rise of any substantial question of law. The Appeal stands dismissed.
(V. L. ACHLIYA, J.)
(A. V. NIRGUDE, J.)
sgp
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