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.
Issue: Whether the Assessing Officer isjustified in making the disallowance ofRs.
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.
Sections referenced in this judgment
The order — as passed by the High Court
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION.
INCOME TAX APPEAL (LODGING) No.145/2004.
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 the Assessing Officer isjustified in making the disallowance ofRs. 18,75,319/- for the expenses ofthe assessee under Section 40-A(2) ofthe Act on account of the underinvoicing of the sales made to thesister concerns, M/s. Sanjay SalesCorporation?"3.We have perused the order passed by theTribunal dated 19th June, 2002. Paragraph
as to indicate that the said order was
challenged 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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