Case Law › High Court › The Commissioner Of Income-Tax-I v. Vers...

The Commissioner Of Income-Tax-I v. Versus

High Court 04 Jul 2008 In favour of: Assessee

Forum / Bench

High Court · newos

Parties

Date of order

04 Jul 2008

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In The Commissioner Of Income-Tax-I v. Versus, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.

Decision: The appeal is dismissed. [ BILAL NAZKI, J.] [ BILAL NAZKI, J.] (2) [ S.S.SHINDE, J.] [ S.S.SHINDE, J.] [ S.S.SHINDE, J.]

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

Sections referenced in this judgment

Section 271B case law →

(1) IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.403 OF 2006. The Commissioner of Income-Tax-I. ..Appellant. Versus Versus Sakegaon Investment (P) Ltd. ..Respondent. .... Mr.Vimal Gupta, for the Appellant. .... CORAM : BILAL NAZKI & CORAM : BILAL NAZKI & CORAM : BILAL NAZKI & S.S. SHINDE, JJ. S.S. SHINDE, JJ. S.S. SHINDE, JJ. DATE : 4TH JULY, 2008. P.C. P.C. P.C. 1. Heard the learned Advocate for the appellant. The questions of law have been seen. 2. The finding of the Tribunal is that the transaction, which was the subject matter of the dispute, was not decided within the meaning of section 269SS of the Income Tax Act, and therefore, there was no question of penalty under section 271B. 3. In view of this finding of the Tribunal, I do not find that the questions framed fall for reconsideration. The appeal is dismissed. [ BILAL NAZKI, J.] [ BILAL NAZKI, J.] (2) [ S.S.SHINDE, J.] [ S.S.SHINDE, J.] [ S.S.SHINDE, J.]

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