The Commissioner Of Income Tax v. M/S.nitiraj Properties Pvt.ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.925 OF 2007 INCOME TAX APPEAL NO.925 OF 2007 The Commissioner of Income Tax .. Appellant Vs. M/s.Nitiraj Properties Pvt.Ltd. .. Respondent Mr.J.S.Saluja with Mr.P.S.Sahadevan for the Appellant. Mr.R.Murlidharan with Mr.D.Mehta i/by M/s.Dhruve Liladhar & Co.for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. DATE : 7th August, 2008 DATE : 7th August, 2008 DATE : 7th August, 2008 P.C. P.C. 1. Heard the learned Counsel for the parties. Perused the judgment of the Income Tax Appellate Tribunal dated 23.2.2004. The Tribunal by a detailed analysis has found that the explanation offered by the Assessee to be bonafide in paragraph Nos.9.4 & 9.5. It is explicitly clear that the Tribunal has given clear finding and has found the explanation given by the Assessee to be bonafide. In view thereof, there is no substantial question of law involved in this Appeal. It merely involves the finding of fact. Hence, the Appeal stands dismissed. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)