The Commissioner of v. M/S.Kshetropasana
Case brief
What is this about?
Revenue appeals under Section 260-A against the Tribunal order. The Supreme Court found no substantial question of law arose as the matter was factual and the Tribunal's view that the law cannot compel the impossible was accepted.
What the court decided
A compact analysis
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 : 09.07.2019
CORAM :
THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAM and
THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN
Tax Case Appeal Nos. 2187 & 2188 of 2008
and M.P.No.1 of 2008
Commissioner of Income Tax,
Chennai. .. Appellant
Vs.
M/s. Kshetropasana
Gokuldham, Maduvankarai,
Sriperumbudur – 602 105. .. Respondent
Common Prayer : Tax Case Appeals filed under Section 260-A of the
Income Tax Act, 1961, against the order of the Income Tax Appellate
Tribunal Madras 'C' Bench, Chennai, dated 19.05.2008 in I.T.A.Nos.
1757 & 1758/Mds/2007 for the assessment year 2000-01 and 2001-02
respectively.
For Appellant : Mr. J.Narayanaswamy Senior Standing Counsel For Respondent : No appearance * * *
2
Issues for consideration
1 issue framed by the court
Whether the Tribunal was right in holding that holding of donated shares in contravention of Section 11(5) does not deny exemption under Section 11.
Parties & counsel
- appellant
Commissioner of Income Tax, Chennai
- respondent
M/s. Kshetropasana Gokuldham
Coram
T.S.Sivagnanam
Case details
As recorded by the court registry
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