The Commissionr OFINCOMETAX-24,MUM v. M/S Mahavir Construction Co.
Bombay HCITXA/1283/2008
Case brief
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What is this about?
This income tax appeal court admitted the reference on a single question regarding the justification of the Tribunal in deleting an addition based on seized documents instead of conjectures, with respondents waiving service of notice.
What the court decided
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
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ORDINARY ORIGINAL CIVIL JURISDICTION
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INCOME TAX APPEAL NO.1283 OF 2008
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The CIT-24 )..Appellant
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V/s.
M/s.Mahavir Construction Co. )..Respondents
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Mr.R.Asokan for the appellant.
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Ms.Aasifa Khan for the respondents.
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Coram : F.I.Rebello & R.S.Mohite,JJ
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Date : 16.02.2009.
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PC
Issues for consideration
2 issues framed by the court
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Whether the Tribunal was justified in deleting the addition made based on seized papers and partner statements rather than estimates.
Whether the addition violates principles of estimation and conjuncture.
Parties & counsel
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- appellant
The CIT-24
- respondent
M/s.Mahavir Construction Co.
Coram
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F.I Rebello
Case details
As recorded by the court registry
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