Commissioner of Income Tax-III v. Prakash Bhikulal Shah
[Citation -2014-LL-1204-1]
| Citation | 2014-LL-1204-1 |
|---|---|
| Appellant Name | Commissioner of Income Tax-III |
| Respondent Name | Prakash Bhikulal Shah |
| Court | HIGH COURT OF BOMBAY |
| Relevant Act | Income-tax |
| Date of Order | 04/12/2014 |
| Assessment Year | 2007-08 |
| Judgment | View Judgment |
| Keyword Tags | capital gain • indexed cost |
| Bot Summary: | CORAM : S.C.DHARMADHIKARI h A.A. SAYED, JJ. P.C. ig DATED : 4 DECEMBER 2014 The concurrent orders of the First Appellate Authority H and the Tribunal are challenged in this Appeal by the Revenue. The Commissioner corrected the Assessing Officer and while B doing so the Commissioner applied the ratio of the judgment of this Court in the case of Commissioner of Income Tax v/s. Mr.Tejveer Singh submits that in the light of the rt judgment of this Court in Manjula Shah, the Tribunal's order ou cannot be faulted. It does not give rise any substantial question of law. In view of this fair concession, the Appeal fails and it is dismissed. To be fair to Mr.Tejveer Singh, he submits that the h Revenue has not accepted the judgment of this Court in the case of ig Manjula Shah and challenged it before the Hon'ble Supreme Court. We do not see how we can ignore and brush aside the y binding judgment of this Court on the same point and question of ba law, because the Appeal is pending before the Hon'ble Supreme Court. |