Ace Builders (P) Ltd. on 7 March, 2005
Equivalent citations: [2005]144TAXMAN855(BOM)
Author: Ja Devadhar
Bench: Ja Devadhar
JUDGMENT
JA Devadhar, J
This appeal ... assessee, the Tribunal by the impugned order (reported as ACE Builders (P) Ltd. v. Asstt. CIT (2001) 71 77J (Mum-Trib) 188Ed.) held that
Commissioner Of Income-Tax vs Ace Builders Pvt. Ltd. on 7 March, 2005
Equivalent citations: 2005(3)BOMCR598, (2005)195CTR(BOM)1, [2006]281ITR210
Ace Builders (P.) Ltd. vs Assistant Commissioner Of Income-Tax on 13 January, 2000
Equivalent citations: [2001]76ITD389(MUM)
ORDER
Shri R.P. Garg Vice
Commissioner Of Income-Tax vs Ace Builders Pvt. Ltd. on 19 November, 1992
Equivalent citations: [1993]202ITR324(BOM)
JUDGMENT
Dr. B.P. Saraf ... acquire the business carried on in the name of "Ace Builders", a firm and to engage in the business of builders, general contractors
Bombay High Court
in the case of M/s. Ace Builders Ltd. which is on different facts."
3. The background general facts ... judgment of jurisdictional High
Court in the case of CIT Vs. Ace Builders Pvt. Ltd. 28 ITR 2010 (Bom.) and
submitted that the said judgment
based on decision of
ITAT Mumbai, Bench in the case of Ace Builders Pvt. Ltd vs.
ACIT (76 ITD 389). However, the Ld. AO rejected ... shelter behind the decision of Bombay Tribunal in the case of Ace
Builders Pvt. Ltd. Vs. ACIT (76 ITD 389). I have gone through
quoted the
judgment of Hon'ble Jurisdictional High Court in Ace Builders (P). Ltd (supra), to
decide against the assessee. Accordingly, we have ... Bombay
High Court in the case of Ace Builders, (supra), wherein the Hon'ble High Court in
the context of claim of deduction under
quoted the
judgment of Hon'ble Jurisdictional High Court in Ace Builders (P). Ltd (supra), to
decide against the assessee. Accordingly, we have ... Bombay
High Court in the case of Ace Builders, (supra), wherein the Hon'ble High Court in
the context of claim of deduction under
Bombay High Court in the case of CIT v. Ace Builders
(2006)281 ITR 201(Bom.) but the AO rejected the contentions of the
assessee ... decision of Bombay High Court in the case of CIT vs ACE Builders
P. Ltd. [281 ITR 210(Bom)] is not applicable as the above
assessee has relied
on the decision of Ace Builders (P) Limited v/s ACIT , (2001) 76 ITD
389 and considered capital gains in respect ... case of Ace Builders (P) Lid. V/s ACIT (20O1) 76 lTD 389, the
ITAT Mumbai Bench has observed that the assumption of
treating/deeming
