{"id":50548,"date":"1989-01-05T00:00:00","date_gmt":"1989-01-04T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/moonna-lal-and-sons-p-ltd-vs-commissioner-of-income-tax-on-5-january-1989"},"modified":"2018-12-11T22:52:37","modified_gmt":"2018-12-11T17:22:37","slug":"moonna-lal-and-sons-p-ltd-vs-commissioner-of-income-tax-on-5-january-1989","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/moonna-lal-and-sons-p-ltd-vs-commissioner-of-income-tax-on-5-january-1989","title":{"rendered":"Moonna Lal And Sons (P.) Ltd. vs Commissioner Of Income-Tax on 5 January, 1989"},"content":{"rendered":"<div class=\"docsource_main\">Allahabad High Court<\/div>\n<div class=\"doc_title\">Moonna Lal And Sons (P.) Ltd. vs Commissioner Of Income-Tax on 5 January, 1989<\/div>\n<div class=\"doc_citations\">Equivalent citations: 1989 176 ITR 320 All<\/div>\n<div class=\"doc_bench\">Bench: O Prakash, R Gulati<\/div>\n<\/p>\n<pre><\/pre>\n<p>JUDGMENT<\/p>\n<p> 1. Having heard learned counsel for the parties, we are of the opinion that some questions do arise from the Tribunal&#8217;s order dated March 31, 1987 and we, therefore, direct the Tribunal to make a statement of the case and refer the following questions for the opinion of this court :\n<\/p>\n<p> &#8220;1. Whether, on the facts and circumstances of the case, the Tribunal was justified in holding that the delay could be deemed to have been condoned even when there are no provisions for deemed condonation of the delay under Section 246 (sic) of the Income-tax Act, 1961 ?\n<\/p>\n<p> 2. Whether, on the facts and circumstances of the case, the Tribunal was justified in not entertaining the additional ground taken before it at the time of hearing ?\n<\/p>\n<p> 3. Whether, on the facts and circumstances of the case, the Tribunal was justified in holding that the Commissioner of Income tax (Appeals.) made correctly computation of the capital gain without assigning any reasons for not allowing any cost of improvement to the assessce ?&#8221;\n<\/p>\n<p> 2. The application is partly allowed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allahabad High Court Moonna Lal And Sons (P.) Ltd. vs Commissioner Of Income-Tax on 5 January, 1989 Equivalent citations: 1989 176 ITR 320 All Bench: O Prakash, R Gulati JUDGMENT 1. Having heard learned counsel for the parties, we are of the opinion that some questions do arise from the Tribunal&#8217;s order dated March 31, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,8],"tags":[],"class_list":["post-50548","post","type-post","status-publish","format-standard","hentry","category-allahabad-high-court","category-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Moonna Lal And Sons (P.) 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