Reliance Projects & Property Management Services Ltd. Vs Assistant-deputy Commissioner of Income-tax (Bombay High Court)
In a petition concerning Assessment Year 2016–17, the Bombay High Court considered whether the issues raised were already covered by prior judgments. Counsel for both parties agreed that the matter was governed by earlier decisions of the Court in Siemens Financial Services Private Limited vs Deputy Commissioner of Income Tax and Alok Industries Ltd vs Assistant Commissioner of Income Tax. Accepting this position, the Court held that the present case was fully covered by those rulings. Consequently, all impugned notices and orders were quashed and set aside. The Court further directed that all consequential notices, assessment orders, and related actions arising from the impugned proceedings also stand quashed. The petition was accordingly disposed of without further examination of the merits, based on the applicability of binding precedents.
Read SC Judgment in this case: SC Dismisses SLP as Issue Already Covered by High Court Precedents
FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT
1. Mr. Singh undertakes to file vakalatnama within two weeks from today. Undertaking accepted.
2. This petition relates to Assessment Year 2016-17.
3. Mr. Agrawal states the issue in this petition will be covered by the judgments of this court in the case of Siemens Financial Services Private Limited Vs. Deputy Commissioner of Income Tax & Ors.1 and Alok Industries Ltd. vs. Assistant Commissioner of Income Tax2. Mr. Singh agrees.
