M/S.SERCON PRIVATE LIMITED. vs ASSTT.COMMISSIONER OF INCOME TAX.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

GUJARAT HIGH COURT
K.A.PUJ, R.H.SHUKLA, JJ
M/S.SERCON PRIVATE LIMITED. – Appellant
Versus
ASSTT.COMMISSIONER OF INCOME TAX. – Respondent

Advocates:
For the Appellants/Petitioners: MR RK PATEL
For the Respondents:MRS MAUNA M. BHATT, MR SN SOPARKAR, Senior Advocate

Table of Content
1. substantial questions of law in tax appeals. (Para 1 , 2 , 3)
2. details of disputed capital gains computations. (Para 4 , 5 , 6 , 7 , 8)
3. judicial reliance on prior cases regarding tax deductions. (Para 9 , 11)
4. arguments favoring deductions under section 48. (Para 12 , 13 , 14)
5. revenue's stance on statutory interpretation. (Para 15 , 16 , 17)
6. interpretation principles guiding statutory provisions. (Para 18 , 20)
7. assessment of capital gains computation process. (Para 21 , 22)
8. finding on the applicability of deductions under section 54e. (Para 24 , 25 , 26 , 27)
9. issuing a judgment favorable to the assessee. (Para 29 , 30)

JUDGEMENT

IN THE HIGH COURT OF GUJARAT AT AHMEDABAD TAX APPEAL No. 288 of 2002 WITH TAX APPEAL No. 356 of 2002 WITH TAX APPEAL No. 357 of 2002 WITH TAX APPEAL No. 358 of 2002 For Approval and Signature:

1. Whether Reporters of Local Papers may be allowed to see the judgment ? YES

2. To be referred to the Reporter or not ? YES

3. Whether their Lordships wish to see the fair copy of the judgment ? NO

4. Whether this

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GUJARAT HIGH COURTK.A.PUJ, R.H.SHUKLA, JJM/S.SERCON PRIVATE LIMITED. – AppellantVersusASSTT.COMMISSIONER OF INCOME TAX. – Respondent

GUJARAT HIGH COURT
K.A.PUJ, R.H.SHUKLA, JJ
M/S.SERCON PRIVATE LIMITED. – Appellant
Versus
ASSTT.COMMISSIONER OF INCOME TAX. – Respondent