The Commissioner Of Income Tax – Iv, Pune v. Sharada Yantramag Vinkar Sahakari Soot Girni
High Court
08 Jun 2010 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax – Iv, Pune v. Sharada Yantramag Vinkar Sahakari Soot Girni
Date of order
08 Jun 2010
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax – Iv, Pune v. Sharada Yantramag Vinkar Sahakari Soot Girni, 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 BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.2653 OF 2009
The Commissioner of Income Tax – IV, Pune
Versus
Sharada Yantramag Vinkar Sahakari Soot Girni
..Appellant.
..Respondent.
Mr.Vimal Gupta for the appellant.None for the respondent.
CORAM : Dr.D.Y. Chandrachud & J.P. Devadhar, JJ.
DATE : 8 June, 2010.
P.C. :
1.The Tribunal has deleted a penalty that was imposed under Section 271E of the Income-tax Act, 1961. Certain payments were made by the assessee, which is a Cooperative Society, in cash in amounts exceeding Rs.20,000/-. The explanation which has been offered by the Cooperative Society has been accepted by the Tribunal as reasonable & bona fide.
2.In that view of the matter, in the facts of the present case, we do not consider that any substantial question of law would arise. The appeal is accordingly dismissed. There shall be no order as to costs.
(J.P. Devadhar, J.)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue