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 as Intervener

Table of Content
1. appeals under section 260a of the income-tax act. (Para 1 , 2 , 3 , 4 , 5 , 6)
2. disallowance of capital gains computation. (Para 7 , 8 , 9)
3. tribunal's adherence to precedent in capital gains. (Para 11)
4. arguments favoring allowability of deductions. (Para 12 , 13 , 14 , 15 , 16 , 17 , 18 , 20)
5. court's interpretation of sections 48 and 54e. (Para 21 , 22 , 24 , 25 , 26)
6. circular cannot impose additional burden. (Para 27)
7. final orders issued in favor of 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 case involves a substantial question of law as to the interpretation of the constitution of India, 1950 or any order made thereunder ?

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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