This is a short bench order where the Court dismissed the Income Tax appeal. The bench held that the questions of law were covered by a prior Apex Court decision in the case of ROLTA India Ltd. and accordingly dismissed the appeal.
The Tax Case Appeal is dismissed. No costs are awarded.
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.
1
IN THE HIGH COURT OF JUDICATURE AT MADRAS
Dated: 22.06.2018
Coram
The Honourable Mr.JUSTICE M.M.SUNDRESH
and
The Honourable Mrs.JUSTICE N.ANAND VENKATESH
Tax Case (Appeal) No.480 of 2010
M/s Mustang Trading & Investments Pvt Ltd., Eldorado, 5th Floor, 112, Nungambakkam High Road, Chennai-600 034. ... Appellant
Vs. The Assistant Commissioner of Income Tax, Company Circle-IV(3), Chennai-600 034. ... Respondent
Appeal under Section 260-A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, 'A' Bench, Chennai, dated 26.05.2006 in ITA.No.793/Mds/02.
For Appellant : Mr.Subbaraya Aiyar For Respondent : Mr.Karthik Ranganathan Senior Standing Counsel Mr.D.Prabhu Mukunth Arunkumar Vijay Kumar Ponna,Jr.Standing Counsel
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J U D G M E N T
(Judgment of the Court was delivered by M.M.SUNDRESH, J.)
When the above Tax Case Appeal is taken up for hearing, the learned counsel appearing for the appellant submits that the questions of law raised in this Tax Case Appeal are covered against the assessee by earlier decision of Apex Court reported in (2011) 330 ITR
0470(JOINT COMMISSIONER OF INCOME TAX VS. ROLTA INDIA
LTD.,).
2. In terms of the said decision, the above Tax Case Appeal is liable
to be dismissed and accordingly, the same is dismissed. No costs.
(M.M.S.,J.) (N.A.V.,J.)
22/06/2018
Index:Yes/No
raa
To
1.The Assistant Commissioner of Income Tax, Company Circle IV(4), Chennai.
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M.M.SUNDRESH, J. and
N.ANAND VENKATESH, J.
raa
T.C.(A) No.480 of 2010
22.06.2018
1 issue framed by the court
Whether the questions of law raised in this appeal are covered by the earlier decision of the Apex Court in Rolta India Ltd.
Colour shows how this judgement treated each authority
Joint Commissioner of Income Tax vs. Rolta India Ltd.Followed¶17
(2011) 330 ITR 0470 Joint Commissioner of Income Tax vs. Rolta India Ltd.
1 provisions across 1 enactments
M/s Mustang Trading & Investments Pvt Ltd.
The Assistant Commissioner of Income Tax, Company Circle-IV
M.M.SUNDRESH
N.ANAND VENKATESH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
