Case Law Details
Case Name : CIT Vs Proctor and Gamble Home Products Ltd. (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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In a judgement dated 19-01-2015 in the case of CIT-8 Vs. Proctor and Gamble Home Products Ltd., the Hon’ble Bombay High Court while dismissing the appeal, passed stringent strictures and gave directions to the Revenue Authorities when the Revenue choose to persist with the Appeal, in spite of the issue being covered by the decision of the same High Court.
This judgement could be of great help for the tax professionals and business community when faced with similar unwanted litigation by any revenue authority
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Author Bio
The Governments & Revenue are the largest litigants and filing cases just to save their skin without putting SAMYAK thoughts despite the fact that Courts are facing shortage of Judges.
It is a much awaited decision by the Hon’ble Court and will go a long way to reduce the number of frivolous litigations. The concept of accountability is fast catching up in the system which will be welcomed by every professional minded persons be it in the Tax Administration or in Professional bodies. We wish to see such more reforms during our lifetime.