The Commissioner Of Income-Tax, Vidarbha, Nagpur v. M/S. Shantikumar Sancheti, Nagpur
High Court
11 Feb 2016 In favour of: Assessee
Forum / Bench
High Court · testcase
Parties
The Commissioner Of Income-Tax, Vidarbha, Nagpur v. M/S. Shantikumar Sancheti, Nagpur
Date of order
11 Feb 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income-Tax, Vidarbha, Nagpur v. M/S. Shantikumar Sancheti, Nagpur, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
itr.13.99
IN THE HIGH COURT OF JUDICATURE AT BOMBAYNAGPUR BENCH, NAGPUR
INCOME TAX REFERENCE NO.13 OF 1999
(The Commissioner of Income-tax, Vidarbha, Nagpur
vs.
M/s. Shantikumar Sancheti, Nagpur)
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Shri Anand Parchure, Advocate for the Applicant.Shri N.S. Bhattad, Advocate for the Non-Applicant.
CORAM: B.P. DHARMADHIKARI ANDV.M. DESHPANDE, JJ.
th FEBRUARY, 2016.
DATE : 11
Only one question has been referred to this Court,
which reads as under :
“Whether on the facts and in the circumstances of thecase, the Tribunal was justified in law in holding thatthe payment of Rs.31,671/- made beyond grace periodof 5 days but within the accounting year by resortingto the provisions of Section 154 ?”
It is thus apparent that even if the reference is
answered in favour of the revenue, the tax effect will be belowthat sum. The assessment order itself shows that total taxdemand was Rs.4,86,540/-.
In this situation, following Instruction No.2 of 2005and also Instruction No.21, dated 10/12/2015, we return thereference unanswered.
*sandesh
JUDGE
JUDGE
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