In The Commissioner Of Income Tax v. Anil P. Khinvasara (Huf, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Decision: For the reasons stated therein, the present Appeal is dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO. 2143 OF 2008
The Commissioner of Income Tax Vs.
.. Appellant
Anil P. Khinvasara (HUF)
.. Respondent.
Mr. Suresh Kumar with Mr.Vimal Gupta for the Appellant.
CORAM: J.P. DEVADHAR & K.K. TATED, JJ.DATE: 7TH SEPTEMBER, 2011.
P.C.
Not on board. Taken up by the consent of the counsel for the Appellant.
The counsel for the Revenue states that similar questions raised by the Revenue in Income Tax Appeal No. 5634 of 2010 (CIT vs. Smt. Surekhabai Sharad Mutha) have been dismissed by this court on 6[th ]September, 2011. For the reasons stated therein, the present Appeal is dismissed with no order as to costs.
(J.P. DEVADHAR, J.)
(K.K. TATED, J.)
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