The Commissioner Of Income Tax v. M/S.gomti Finlease (I) Ltd
High Court
26 Aug 2008 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax v. M/S.gomti Finlease (I) Ltd
Date of order
26 Aug 2008
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax v. M/S.gomti Finlease (I) Ltd, the High Court (2008) 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.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.893 OF 2008
The Commissioner of Income Tax,Vs.M/s.Gomti Finlease (I) Ltd.
Mr.P.S.Sahadevan for the Appellant.Mr.B.V.Jhaveri for the Respondent.
P.C.
..Appellant
..Respondent
CORAM :- DR.S.RADHAKRISHNAN &S.J.KATHAWALLA, JJ.DATE : 26TH AUGUST, 2008
1.Heard the learned Counsel for the parties.
Perused the order dated 5th June,2007 passed by theIncome Tax Appellate Tribunal especially the reasonsstated in paragraph No.3. It is clear that theTribunal had given a finding that once the leasingtransactions were held to be non genuine, the rental
income offered by the Assessee cannot be charged to
tax.
2.The above matter involves only question offinding of fact. There is no question of
involved. The Appeal is totally devoid of merits.
Hence, the same stands dismissed.
law
(S.J.KATHAWALLA,J.)
(DR.S.RADHAKRISHNAN,J.)
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