The High Court dismissed the appeal against the order for Assessment Year 1997-98, noting that a similar view had been adopted in a cited precedent. No specific questions of law arose from the prior order.
None. The appeal was dismissed.
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K.J. IN THE HIGH COURT OF JUDICATRE AT BOMBAY
ORDINARY ORIGINAL CIVIL JRISDICTION
INCOME TAX APPEAL NO.1401 OF 2007
The CIT-8 Mumbai ..Appellant
Versus
M/s.Nirvan Builders & Developers Ltd...Respondents
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Mr.S.M.Shah with Mr.P.S.Sahadevan for the appellant.
Mrs.Usha Dalal for the respondents.
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Coram : F.I.Rebello & R.S.Mohite,JJ
Date : 18.03.2008.
PC
1. For the A.Y.1997-98 on similar issue appeal was
dismissed. Even otherwise in CIT v/s. M/s.Excel
Realtors Ltd., in Income Tax Appeal (L) No.1978 of
2006 decided on 16th Janary 2008, we have taken a
view that the interest earned cannot be treated as
income from other sources.
2. In the light of the above, questions of law as
framed would not arise and consequently appeal
dismissed.
(R.S.Mohite,J) (F.I.Rebello,J)
Colour shows how this judgement treated each authority
CIT v/s. M/s.Excel Realtors Ltd.Referred¶14
CIT v/s. M/s.Excel Realtors Ltd., in Income Tax Appeal (L) No.1978 of 2006
The CIT-8 Mumbai
M/s.Nirvan Builders & Developers Ltd
F.I.Rebello
R.S.Mohite
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court