The Commissioner Of Income-Tax,Mumbai City -21 v. Shri Saumil M. Patel
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The Commissioner Of Income-Tax,Mumbai City -21 v. Shri Saumil M. Patel
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Case summary
In The Commissioner Of Income-Tax,Mumbai City -21 v. Shri Saumil M. Patel, the High Court decided the matter.
Issue: P.C.:- 1.Admit on the following substantial question of law: “Whether on the facts and in the circumstances ofthe case and in law, the Hon'ble Tribunal was rightin deleting the addition made by the assessingofficer as capital gains u/s.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (LODGING) NO.965 OF 2004
The Commissioner of Income-tax,Mumbai City -21.
... Appellant
Vs.
Shri Saumil M. Patel.
... Respondent
Mr. R. Ashokan for the appellant.
Mr. Vipul B. Joshi with Mr. Sameer G. Dalal for the respondent.
CORAM : SMT. RANJANA DESAI & J.P. DEVADHAR, JJ.
DATED : 18TH MARCH, 2009.
P.C.:-
1.Admit on the following substantial question of law:
“Whether on the facts and in the circumstances ofthe case and in law, the Hon'ble Tribunal was rightin deleting the addition made by the assessingofficer as capital gains u/s. 45 on account of thesurrender of old tenancy rights and acquiring anew tenancy rights in a new building along withcompensation in cash of Rs.20,00,000/- and
AJN
2
additional rent compensation of Rs.18,00,000/- asper the assessment order.”
2.The appellant to get this appeal numbered within four weeksfrom today. This appeal to be tagged to Income-tax Appeal No.516of 2007.
[SMT. RANJANA DESAI, J.]
[J.P. DEVADHAR, J.]
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