In The Commissioner Of Income Tax v. M/S Sanghvi Construction P.ltd, the High Court (2006) dismissed the appeal. The decision went in favour of the assessee.
Decision: In our view, no substantial question of law is involved in the appeals. .Both the appeals are dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
ORDINARY ORIGINAL CIVIL JURISDICTION.
INCOME TAX APPEAL NO. 91 OF 2002.WITHINCOME TAX APPEAL NO. 229 OF 2002.
The Commissioner of Income Tax. .. Appellant.
vs.
M/s Sanghvi Construction P.Ltd. .. Respondents
Mr. Ashok Kotangale for the Appellant.
Mr. J.D. Mistry i/b Kartikeya & Associates for therespondents.
P.C. :----
.
CORAM : V.C.DAGA & J.P.DEVADHAR,JJ.
DATED : 11.7 .2006.
Heard rival parties.
Perused appeal papers.
.Completed contract method of accounting was
has been followed. In our view, no substantial
question of law is involved in the appeals.
.Both the appeals are dismissed with no order
as to costs.
(V.C.DAGA,J.)
(J.P.DEVADHAR,J.)
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