The Commissioner Of Income Tax v. Dr.p.s.pasricha
High Court
07 Oct 2009 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax v. Dr.p.s.pasricha
Date of order
07 Oct 2009
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax v. Dr.p.s.pasricha, the High Court (2009) 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
bgp
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1825 OF 2009
The Commissioner of Income Tax
Vs.
Dr.P.S.Pasricha
..Appellant
..Respondent
Mr.P.S.Sahadevan for appellant.
Mr.R.Murlidhar i/b. Rajesh Shah & Co. for respondent.
P.C.
CORAM :- V.C.DAGA &
J.P.DEVADHAR,JJ. 7TH OCTOBER, 2009
DATE :
1.Heard learned Counsel for the parties.
Perused appeal.
2.Having seen the finding of fact recorded by the Tribunal in paragraph No.9, that the assessee had initially utilized the sale proceeds of sale of his residential flat for purchase of commercial properties and later on he purchased two residential flats within a period specified in sub section (2) of Section 54 of the Act. In this view of the matter, the view taken by the Tribunal cannot be faulted. The appeal is without any substance. Hence, the same stands dismissed in limine with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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