The Commissioner Of Income v. M/S Gansons Ltd
High Court
19 Mar 2008 In favour of: Assessee
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The Commissioner Of Income v. M/S Gansons Ltd
Date of order
19 Mar 2008
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income v. M/S Gansons Ltd, the High Court (2008) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTIONINCOME TAX APPEAL NO.246 OF 2005
The Commissioner of Income- ... ... AppellantTax -10, Mumbai
Vs.
M/s Gansons Ltd.... ... Respondent
Mr. P.S. Sahadevan for Appellant.
-P.C. :
CORAM : F.I. REBELLO &R.S. MOHITE, JJ.DATE : 19TH MARCH, 2008
1)The Tribunal concurred with the findingsof the Commissioner of Income Tax (Appeals) thatassessee have received the premises in surrenderof his tenancy rights. The only contention urgedwas the assessee had incurred costs. In thiscircumstances, judgment in Cadell Weaving MillsCo. Pvt. Ltd. Vs. CIT, reported in 249 ITR 265would not be attracted. The Commissioner ofIncome Tax (Appeals) recorded the findings thatsum of Rs.1100/- was the expenditure in the natureof revenue expediture, that has been confirmed byIncome-Tax Appellate Tribunal.
2)Considering the above, in our opinion,questions of law does not arise.
3)Appeal is dismissed.
( R.S. MOHITE, J.)
( F.I. REBELLO, J.)
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