The Commissioner Of Income Tax,Mumbai City-6, Mumbai v. M/S. Lona Industries Ltd
High Court
17 Apr 2007 In favour of: Unclear
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax,Mumbai City-6, Mumbai v. M/S. Lona Industries Ltd
Date of order
17 Apr 2007
Assessment year(s)
—
Outcome
Other
Case summary
In The Commissioner Of Income Tax,Mumbai City-6, Mumbai v. M/S. Lona Industries Ltd, the High Court (2007) decided the matter.
Decision: 4.As the appellant has already accepted for the earlier assessment year, we dismiss this appeal.
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 BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION.
INCOME TAX APPEAL (LODGING) No.694/2003.
The Commissioner of Income Tax,Mumbai City-6, Mumbai.
..Appellant.
Vs.
M/s. Lona Industries Ltd.
Respondent.
Mr A. D. Kango, for the Appellant.
S.M. Shah for the Respondent.
CORAM:DR.S. RADHAKRISHNANAND V.C. DAGA,JJ.DATED:17th April, 2007.
P.C.:-
1.Heard the learned counsel for the
appellant and the learned counsel for the
respondent.
2.In the above appeal, the following
question of law was sought to be raised.
Whether on the facts and in thecircumstances of the case and in law,the Hon’ble Tribunal is correct indeleting the disallowance made underSection 40-A(2)(b) of the Act on accountof the under invoicing of the sales madeby the assessee to it’s sister concerns?
3.Tribunal no.2 raised,
We have perused the order passed by the
as to indicate that the said order waschallenged before this Court.
4.As the appellant has already accepted
for the earlier assessment year, we dismiss
this appeal.
(V.C. DAGA,J.)
(DR.S. RADHAKRISHNAN,J.)
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