The Commissioner of Income-tax-III, Pune v. Phaltan Urban Co­op. Bank Ltd
[Citation -2014-LL-0807-73]

Citation 2014-LL-0807-73
Appellant Name The Commissioner of Income-tax-III, Pune
Respondent Name Phaltan Urban Co­op. Bank Ltd.
Relevant Act Income-tax
Date of Order 07/08/2014
Judgment View Judgment
Keyword Tags imposition of penalty • statutory auditor

IN HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.473 OF 2012 Commissioner of Income Tax III, Pune Appellant v/s Phaltan Urban Co op. Bank Ltd., Phaltan, Dist. Satara Respondent Mr Tejveer Singh for Appellant. None for Respondent. CORAM : S.C. DHARMADHIKARI AND B.P. COLABAWALLA JJ. DATE : 7TH AUGUST 2014. P.C. : 1. We have heard Mr Tejveer Singh, learned counsel appearing on behalf of Revenue in support of this Appeal and perused with his assistance order passed by Tribunal. 2. We are of view that Assessee's Appeal against imposition of penalty has been rightly allowed by Tribunal, reasons assigned for reversing orders of Commissioner of Income Tax (Appeals) do not raise any ITXA473/12 substantial question of law. It is on facts peculiar to case of Assessee, which is Co operative Bank, and based on report of statutory auditor that penalty has been deleted. Such finding does not raise any substantial question of law. Appeal is devoid of any merit and is dismissed. No costs. (B.P. COLABAWALLA J. ) (S.C. DHARMADHIKARI J. ) Commissioner of Income-tax-III, Pune v. Phaltan Urban Coop. Bank Ltd
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