Waterbase Mercantile Company Limited v. Income Tax Officer, Ward-13(3)(2), Mumbai
High Court
28 Jan 2022 In favour of: Revenue
Forum / Bench
High Court · newos
Parties
Waterbase Mercantile Company Limited v. Income Tax Officer, Ward-13(3)(2), Mumbai
Date of order
28 Jan 2022
Assessment year(s)
2012-2013
Outcome
Dismissed
Case summary
In Waterbase Mercantile Company Limited v. Income Tax Officer, Ward-13(3)(2), Mumbai, the High Court (2022) dismissed the appeal. The decision went in favour of the Revenue.
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
Tandle
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
WRIT PETITION NO. 209 OF 2020
Waterbase Mercantile Company Limited
VersusIncome Tax Officer, Ward-13(3)(2), Mumbai
… Petitioner.
… Respondent
. . . . . .
Mr. Sankalp Sharma i/b. Mr. Prem Jha for the Petitioner.Mr. Akhileshwar Sharma for the Respondent.
. . . . . .
CORAM : K. R. SHRIRAM AND
N. J. JAMADAR, JJ.
DATE : 28[th] JANUARY, 2022(THROUGH VIDEO CONFERENCING)
P. C.:
1.We have considered the notice dated 27[th] March 2019 issuedunder Section 148 of the Income Tax Act, 1961 for Assessment Year 2012-2013 and the reasons for reopening the assessment.
2.We can not say that there is no tangible material disclosed inthe reasons for reopening the assessment.
3.In the circumstances, we do not wish to exercise powersunder Article 226 of the Constitution of India and we leave it to thePetitioner to avail of the alternate remedy available.
4.Petition dismissed.
(N. J. JAMADAR, J.)
(K. R. SHRIRAM, J.)
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