The Commissioner Of Income Tax-Ii v. Kulkarni Pradeep Shivram
High Court
11 Jun 2010 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax-Ii v. Kulkarni Pradeep Shivram
Date of order
11 Jun 2010
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax-Ii v. Kulkarni Pradeep Shivram, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYO. O. C. J.
INCOME TAX APPEAL NO.3056 OF 2009
The Commissioner of Income Tax-II. Vs.Kulkarni Pradeep Shivram.
....Mr.Vimal Gupta for the Appellant.None for the Respondent.
.....
...Appellant.
...Respondent.
CORAM : DR.D.Y.CHANDRACHUD AND
J.P.DEVADHAR, JJ.
June 11, 2010.
P.C. :
The Tribunal has, by its decision, furnished reasons for coming to the conclusion that no investment was made by the assessee towards the stock, over and above the stock already disclosed in the books of account. The order of the Tribunal also records that the stock was determined by the Assessing Officer only
on an estimated basis by preparing a tentative trading account. The order of the Tribunal is based on an over all assessment of the material and does not give rise to any substantial question of law.
The appeal is accordingly dismissed.
( Dr.D.Y.Chandrachud, J.)
( J.P.Devadhar, J.)
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