In Income Tax Appeal No. 759 of 2014, the High Court of Bombay dismissed the appeal by the Commissioner of Income Tax after holding that the question of law was concluded against the Revenue by the decision of this Court in Commissioner of Income Tax Vs. Universal Medicare Pvt. Ltd.
No order as to costs.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO. 759 OF 2014
The Commissioner of Income Tax-9
.. Appellant
v/s.
M/s. Regalia Buidtech & Services .. Respondent
Mr. Tejveer Singh for the appellant None for the respondent
CORAM : M.S. SANKLECHA & A.K. MENON, J.J.
DATED : 15th NOVEMBER, 2016.
P.C.
(i) Whether on the facts and in the circumstances of the case and in law, the Tribunal is correct in deducting the amount of Rs.97.72 lakhs of loan holding that deemed dividend is taxable
1 of 2
Uday S. Jagtap
759-14-itxa=.doc
only in the hands of shareholders?
(A.K. MENON, J.)
(M.S. SANKLECHA, J.)
2 of 2
Uday S. Jagtap
2 issues framed by the court
Whether the Tribunal was correct in deducting the amount of Rs.97.72 lakhs of loan holding as deemed dividend taxable only in the hands of shareholders.
Whether the issue stands concluded against the Revenue by the decision of this Court in Universal Medicare Pvt. Ltd.
Colour shows how this judgement treated each authority
Commissioner of Income Tax Vs. Universal Medicare Pvt. Ltd.Followed¶19
Commissioner of Income Tax Vs. Universal Medicare Pvt. Ltd. 324 ITR 263
1 provisions across 1 enactments
Commissioner of Income Tax-9
M/s. Regalia Buidtech & Services
M.S. Sanklecha
A.K. Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
