CIT & Anr. v. M/s Bangalore Housing Dev. & Investments
[Citation -2015-LL-1204-118]
| Citation | 2015-LL-1204-118 |
|---|---|
| Appellant Name | CIT & Anr. |
| Respondent Name | M/s Bangalore Housing Dev. & Investments |
| Court | SUPREME COURT |
| Relevant Act | Income-tax |
| Date of Order | 04/12/2015 |
| Judgment | View Judgment |
| Keyword Tags | tax effect |
| Bot Summary: | The admitted position is that on the same issue the Income Tax Appellate Tribunal had passed a common order in respect of two assessment years i.e. 2007-08 and 2008-09. An appeal under Section 260A of the Income Tax Act, 1961 was admitted by the High Court in respect of assessment year 2008-09. On the same issue, the appeal in respect of the assessment year 2007-08 was dismissed by the impugned order on the ground that the tax effect was less than Rs.10 lacs. In our opinion, the fact that on an identical issue pertaining to the assessment year 2008-09 having been admitted there is no reason why the appeal for the assessment year 2007-08 ought not to have been admitted, the issue being the same. Accordingly, we request the High Court to admit the appeal for the assessment year 2007-08 and frame substantial questions of law and tag with the appeal for the assessment year 2008-09. UPON hearing the counsel the Court made the following O R D E R Leave granted. |