The Commissioner Of Income-Tax (Central), Nagpur v. M/S. Kasliwal Developers, Aurangabad

1 IT Appeal 32/2014

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

BENCH AT AURANGABAD INCOME TAX APPEAL NO. 32 OF 2014 The Commissioner of Income-Tax [Central], Aayakar Bhavan, Telangkhedi Road, Civil Lines, Nagpur - 440001 Appellant V E R S U S M/s. Kasliwal Developers, 215-216, 1st Floor, Building No.3, Apna Bazar, Jalna Road, Aurangabad Respondent Mr. Alok M. Sharma, Advocate for the appellant Mr. Anil S. Bajaj, Advocate for the respondent CORAM : A. V. NIRGUDE & V. K. JADHAV, JJ.

DATE : 23rd January, 2015 PER COURT :

Heard learned counsel for respective parties. In this case, the respondent has offered its profit to tax for various Assessment Years in respect of a housing project, which they developed for which approval was given by the local authorities before 31st March, 2005. In this factual background, the impugned judgment appears to be in consonance with the law laid down by this Court in the case of The Commissioner of Income Tax v. Happy Home Enterprises [2014] 271 CTR [Bom] 524. The present appeals do not give rise to

2 IT Appeal 32/2014 any substantial question of law. The appeal stands dismissed.

( V.K. JADHAV, J. ) ( A.V. NIRGUDE, J. ) SRM/23/1/15