In The Commissioner Of Income Tax – Iv, Pune v. Bharsar Nagari Sahakari Patsanstha Maryadit, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.3323 OF 2010
The Commissioner of Income Tax – IV, Pune
..Appellant.
Versus
Bharsar nagari Sahakari Patsanstha Maryadit..Respondent.
Mr.Vimal Gupta for the appellant.None for the respondent.
CORAM : J.P. Devadhar &
Smt.R.P. Sondurbaldota, JJ.
DATE : 24[th] June, 2011.
P.C. :
1.In this case, the penalty levied has been deleted by the Tribunal relying upon the decision of this Court in the case of Commissioner of
Income Tax V/s. Bandhkam Khate Sevakanchi Sahakari Patsanstha Maryadit decided on 18[th] March 2009.
2.We see no reason to take a contrary view. The appeal is accordingly dismissed with no order as to costs.
(Smt.R.P. Sondurbaldota, J.)(J.P. Devadhar, J.)
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