2014 (3) TMI 1030 - HC - Income Tax

Tribunal's Correct Application of Previous Order Leads to Rejection of Appeal

Commissioner of Income Tax-2 Versus HDFC Bank Ltd.

Commissioner of Income Tax-2 Versus HDFC Bank Ltd. - TMI Issues:1. Interpretation of substantial questions of law proposed and formulated.2. Application of Tribunal's judgment in the assessee's own case for the assessment year 2005-2006.3. Determination of whether the Tribunal committed any error of law in following its own order.Analysis:1. The High Court, comprising S.C. Dharmadhikari and G.S. Kulkarni, JJ., after hearing both sides, found that the substantial questions of law proposed and formulated were already addressed in a previous judgment titled 'Godrej and Boyce Mfg. Co. Ltd. Vs. Deputy Commissioner of Income Tax and another' reported in '(2010) 328 ITR 81 (Bom).' The Court concluded that these questions were settled by the aforementioned judgment.2. Regarding the substantial question of law formulated in paragraph 4(C), the Court observed that the Tribunal had applied the judgment and order in the assessee's own case for the assessment year 2005-2006. The Tribunal's consistent view, as reproduced in the paper book, did not indicate any error of law in following its own order and applying the same principle to the current assessment year. The Court noted that the Tribunal's exercise in this case did not give rise to a substantial question of law.3. Consequently, the Court determined that there was no need to entertain the appeal, and therefore, the appeal was rejected. The judgment highlighted the Tribunal's application of the same principle in the current assessment year as in the previous year for the same assessee, emphasizing the absence of any legal error in the Tribunal's decision-making process.