The Commissioner of Income-tax v. HSBC Invest Direct (I) Ltd - 2015-LL-0424-93

Citation	2015-LL-0424-93
Appellant Name	The Commissioner of Income-tax
Respondent Name	HSBC Invest Direct (I) Ltd.
Court	HIGH COURT OF BOMBAY
Relevant Act	Income-tax
Date of Order	24/04/2015
Assessment Year	2005-06
Judgment	View Judgment
Bot Summary:	This appeal challenges the order passed by the Income Tax Appellate Tribunal, Bench at Mumbai dated 30th October, 2012. The questions at page 5 and 6 of the paperbook arise for the assessment year 2005-06. The appeal was placed for hearing when Mr.Tejveer Singh and Mr.Dalal appearing for the assessee jointly stated that the judgment of the Division Bench of this Court in the case of the Commissioner of Income Tax Vs. Kotak Securities Ltd. 2012 340 ITR 333 would answer the same. These questions are answered 1/2 Uploaded on - 29/04/2015 Downloaded on - 10/04/2020 11:52:41 ita1533. 13 by the Division Bench in favour of the assessee and against the revenue. In that regard our attention is invited to the clarification by the Division Bench in paragraph 31 an 32 of the Division Bench Judgment. In the circumstances none of the questions proposed are substantial questions of law.

Shiv ita1533.13 IN HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1533 OF 2013 Commissioner of Income Tax Appellant. Vs. M/s.HSBC Invest Direct (I) Ltd. Respondent. Mr. Tejveer Singh for Appellant. Mr. Sameer G. Dalal for Respondent. CORAM : S.C. DHARMADHIKARI AND A.K. MENON, JJ. DATED : 24TH APRIL, 2015. P.C. : 1. This appeal challenges order passed by Income Tax Appellate Tribunal, Bench at Mumbai dated 30th October, 2012. 2. questions at page 5 and 6 of paperbook arise for assessment year 2005-06. 3. appeal was placed for hearing when Mr.Tejveer Singh and Mr.Dalal appearing for assessee jointly stated that judgment of Division Bench of this Court in case of Commissioner of Income Tax Vs. Kotak Securities Ltd. 2012 340 ITR 333 would answer same. These questions are answered 1/2 Uploaded on - 29/04/2015 Downloaded on - 10/04/2020 11:52:41 ita1533.13 by Division Bench in favour of assessee and against revenue. In that regard our attention is invited to clarification by Division Bench in paragraph 31 32 of Division Bench Judgment. In circumstances none of questions proposed are substantial questions of law. appeal fails and is dismissed. No costs. (A.K. MENON,J.) (S.C. DHARMADHIKARI,J.) 2/2 Uploaded on - 29/04/2015 Downloaded on - 10/04/2020 11:52:41 Commissioner of Income-tax v. HSBC Invest Direct (I) Ltd

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