The Commissioner Of Income Tax v. M/S.elegant Eateries Pvt. Ltd
High Court
30 Jul 2009 In favour of: Assessee
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The Commissioner Of Income Tax v. M/S.elegant Eateries Pvt. Ltd
Date of order
30 Jul 2009
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax v. M/S.elegant Eateries Pvt. Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Decision: In this view of the matter, appeal stands dismissed for want of substantial question of law.
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.1085 OF 2009
The Commissioner of Income Tax Vs.M/s.Elegant Eateries Pvt. Ltd.
..Appellant
..Respondent
Mr.Suresh Kumar for appellant.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. 30TH JULY, 2009
DATE :
P.C.
Heard.
Perused appeal.
Both the authorities below have recorded concurrent finding that, on the day when loan was advanced, the assessee was not a shareholder. In that view of the matter, the Tribunal has reached to the conclusion that the provisions of Section 2(22)(e) was not attracted. The view taken by the Tribunal is reasonable and possible. In this view of the matter, appeal stands dismissed for want of substantial question of law. No order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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