The Commissioner Of Income Tax v. M/S. Lok Housing
High Court
21 Aug 2007 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax v. M/S. Lok Housing
Date of order
21 Aug 2007
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax v. M/S. Lok Housing, the High Court (2007) 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.
((-1-))
HVN
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO. 1608 OF 2004
The Commissioner of Income Tax ... Appellant
Vs.
M/s. Lok Housing ... Respondent
Mr.S.M. Shah i/by Pankaj Kapoor for Petitioner.
Mr. Keshav B. Bhujle for Respondent.
CORAM: F.I.REBELLO&J.P.DEVADHAR, JJ.DATED: AUGUST 21, 2007
CORAM: F.I.
J.P.DEVADHAR, JJ.
DATED: AUGUST 21, 2007
P.C.:
P.C.:
. Though in the appeal memo it is set out that the
tax effect is Rs.5,96,212/- we find from the
assessment order for the year 1987-88 that the
penalty imposed was in the sum of Rs.3,44,750/-. In
other words, the tax incidence is less than Rs. 4
lakhs.
. In the light of that, and considering the
circular of C.B.D.T. the appeal as filed could not
have been filed. Hence, appeal dismissed. No order
as to costs.
(J.P.DEVADHAR, J.)
(J.P.DEVADHAR, J.)(F.I.REBELLO, J.)
(F.I.REBELLO, J.)
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