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Two Lease agreement can’t be clubbed to determine deemed ownership

Case Law Details

Case Name
Commissioner of Income-tax-9 Vs Pelican Investments (P.) Ltd. (Bombay High Court)
Date of Judgement/Order
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HIGH COURT OF BOMBAY Commissioner of Income-tax-9 versus Pelican Investments (P.) Ltd. IT Appeal No. 3424 of 2010 August 21, 2012 JUDGMENT S.J. Vazifdar, J. This is an appeal under section 260-A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal dated 30th October, 2009, dismissing the appellant’s appeals, ITA Nos. 1611/Mum/2008 and 4730/Mum/2008, pertaining to assessment years 2004-05 and 2005-06, respectively. The present appeal pertains to ITA No.1611/Mum/2008. 2. The appeal is admitted on the following substantial questions of law and heard finally : ...
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