Gujarat High Court Case Information System Print TAXAP/1446/2006 2/ 2 ORDER IN THE HIGH COURT OF GUJARAT AT AHMEDABAD TAX APPEAL No. 1446 of 2006 ===================================== COMMISSIONER OF INCOME TAX - Appellant(s) Versus AKALU HOLDINGS PVT. LTD. - Opponent(s) ====================================== Appearance : MR MANISH R BHATT for Appellant(s) : 1, None for Opponent(s) : 1, ====================================== CORAM : HONOURABLE THE CHIEF JUSTICE Y.R.MEENA and HONOURABLE MR.JUSTICE AKIL KURESHI Date : 13/07/2007 ORAL ORDER
following question has been proposed for admission of this appeal:-
the appellate tribunal is right in law and on facts in confirming
the order passed by the CIT (A) deleting the disallowance of
interest which was made by the Assessing Officer u/s.36(1)(iii) on
the ground that the purchase of shares was mainly for acquiring
controlling rights in another company???
counsel for the revenue fairly admits that similar question has
been considered by this Court in the case of the very assessee in
C.I.T. v. Akalu Holdings Pvt. Ltd., Tax Appeal No.935 of
2006 and the appeal was not admitted by the order dated 22.12.2006.
Following our earlier order in the aforesaid appeal, no case is made
out for admission of this appeal.
appeal stands dismissed at the admission stage.