The Commissioner Of Income Tax v. M/S.pallavi Holdings Pvt.ltd
High Court
05 Mar 2009 In favour of: Assessee
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The Commissioner Of Income Tax v. M/S.pallavi Holdings Pvt.ltd
Date of order
05 Mar 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.pallavi Holdings Pvt.ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
Issue: The question of law which arises in this Appeal is as under:- "Whether on the facts and the circumstances of the case Hon’ble ITAT was right in law in holding that the dejure owner of the shares alone is entitled to receive the dividend declared by a company though the assessee might be defacto owne...
Decision: Ltd., 302 ITR 92 (Bom.). of the above there is no merit in this Appeal which is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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MGN
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL LODGING NO.1757 OF 2008
The Commissioner of Income Tax.....Appellant
Vs.
M/s.Pallavi Holdings Pvt.Ltd. ..Respondent
Mr. P.S. Sahadevan, fo the Appellant.
Mr. A.K. Jasani for Respondent.
CORAM: F.I.REBELLO&R.S.MOHITE, JJ.DATED: 5TH MARCH, 2009
CORAM: F.I.
R.S.MOHITE, JJ.
DATED: 5TH MARCH, 2009
P.C.:
P.C.:
. The question of law which arises in this
Appeal is as under:-
"Whether on the facts and the circumstances
of the case Hon’ble ITAT was right in law in
holding that the dejure owner of the shares
alone is entitled to receive the dividend
declared by a company though the assessee
might be defacto owner of the shares."
2. The issue is covered by the judgment of this
Court in Commissioner of Income-tax vs. Aatur
Commissioner of Income-tax vs. AaturHoldings P. Ltd., 302 ITR 92 (Bom.). In the light
Holdings P. Ltd., 302 ITR 92 (Bom.).
of the above there is no merit in this Appeal which
is accordingly dismissed.
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(R.S.MOHITE, J.) (F.I.REBELLO,J.)
(R.S.MOHITE, J.) (F.I.REBELLO,J.)
(R.S.MOHITE, J.) (F.I.REBELLO,J.)
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