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Petitioner: COMMISSIONER OF INCOME-TAX VS Respondent: OSWAL ENTERPRISES (P.) LTD.
Court Name: Delhi High Court Judge(s): I. Y. K. Sabharwal, Lokeshwar Prasad Title: COMMISSIONER OF INCOME-TAX vs OSWAL ENTERPRISES (P.) LTD. Case No.: I.T.C. No. 54 of 1996 Date of Judgment:2000-12-04 Reported As: 2000 PTD 1767 Result: Order accordingly
JUDGMENT
JUDGMENT On consideration of material on record Tribunal has recorded a finding of fact that Oswal Tailors is an independent entity and is not the benami of the assessee-company and the business activity is being carried on by Oswa l Tailors in its own name and that no evidence has been brought on record to show that the income from the export business carried on by Oswal Tailors is the income of the assessee-company. The finding of the Tribunal has not been challenged as perverse. No question of law arises. Dismissed.