The Commissioner Of Income Tax v. Subash Ghai
High Court
28 Jul 2009 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax v. Subash Ghai
Date of order
28 Jul 2009
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax v. Subash Ghai, 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 with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
bgp
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.855 OF 2009
The Commissioner of Income Tax Vs.Subash Ghai
..Appellant
..Respondent
Mr.B.M.Chatterjee i/b. Mr.P.S.Sahadevan for appellant.Mr.Ajay R.Singh for respondent.
CORAM :- V.C.DAGA &J.P.DEVADHAR,JJ. 28TH JULY, 2009
DATE :
P.C.
Heard learned Counsel for the parties.
2.Both the authorities below have recorded findings of fact that the Assessee has given reasonable explanation as to why the project was required to be abandoned. The Tribunal has relied upon the judgment in the case of B.Nagi Reddy 199 ITR 451. During the course of hearing, it transpired that pursuant to the directions issued by the CIT(A), the Assessing Officer has actually verified the factual aspects of the matter and vide his order dated 22[nd] November, 2004 revised the assessment. The said order has become final. In this view of the matter, appeal stands dismissed for want of substantial question of law with no order as to costs.
(J.P.DEVADHAR,J.)
(V.C.DAGA,J.)
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