CIVIL APPELLATE JURISDICITON v. The Commissioner of Income-tax
Case at a glance
Outcome
Disposed of
All petition stands disposed of
Provisions considered
- Income Tax Act, 1961 s. 281B
Key paragraphs
- Para 33. All petition stands disposed of. No order as to costs. (H.L. GOKHALE, J.) (J.P. DEVADHAR, J.)
Judgment
Mr.M.K. Kulkarni for the petitioner (in all petitions). Mr.A.M. Kotangale for the respondents. CORAM : H.L. GOKHALE, & J.P. DEVADHAR, JJ. DATED : 18TH SEPTEMBER, 2006. P.C. :W
While investigating the affairs of the respondent No.5 - Co-operative Society, the Fixed Deposit receipts of the petitioners have been attached since the revenue is contending that they are benamidars for the respondent No.6. Now notices have been issued to the petitioners and they are also to be heard by the concerned officers.
This being the position, Mr.Kulkarni appearing for the petitioners makes only a limited request that the investigation may be completed at the earliest. We direct the officers concerned to finalise it at the earliest. Needless to state that in the event the petitioners are held not to be the benamidars, the amounts attached under section 281B of the Income Tax Act, 1961 will be released.
Operative part
Questions this judgment answers
What did the Court decide in this case?
The Court recorded the following disposition: All petition stands disposed of
Which statutory provisions did this judgment involve?
Income Tax Act, 1961 — s. 281B.
Which court decided this case, and when?
Bombay High Court, on 18 Sep 2006. The bench was H L GOKHALE, P DEVADHAR.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.