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Extraordinary profits cannot lead to conclusion that there is an arrangement between parties
Case Law Details
- Case Name
- Commissioner of Income-tax-7 Vs Schmetz India (P.) Ltd. (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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HIGH COURT OF BOMBAY
Commissioner of Income-tax-7
versus
Schmetz India (P.) Ltd.
IT Appeal No. 4508 of 2010
September 4, 2012
JUDGMENT
M.S. Sanklecha, J.
This appeal by the Revenue under Section 260A of the Income Tax Act, 1961 (‘the Act’) challenges the order dated 30.07.2008 of the Income Tax Appellate Tribunal (‘the Tribunal’) in ITA No. 7629/MUM/07 relating to the assessment year 2004-2005.
2. Being aggrieved by the order dated 30.07.2008 of the Tribunal, the Revenue has formulated the following questions of law for consideration of this court.
R...
