Commissioner Of Income Tax Central-Iii v. Mab Finlease Ltd
High Court
03 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Commissioner Of Income Tax Central-Iii v. Mab Finlease Ltd
Date of order
03 Dec 2024
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Commissioner Of Income Tax Central-Iii v. Mab Finlease Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
$~3
* IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 200/2014 & CM APPL.63009/2024 (Direction)
COMMISSIONER OF INCOME TAX CENTRAL-III
.....Appellant Through: Mr. Shlok Chandra, Sr. Standing Counsel with Ms. Naincy Jain, and Ms. Madhavi Shukla, Jr. Standing Counsel
versus
MAB FINLEASE LTD.
.....Respondent Through: Mrs. Prem Lata Bansal, Senior Advocate with Mr. Shivang Bansal, Advocate.
%
CORAM:HON'BLE MR. JUSTICE YASHWANT VARMAHON'BLE MR. JUSTICE DHARMESH SHARMA
O R D E R03.12.2024
We are informed that the tax liability which forms subject matter of this appeal would fall below INR 2 crores and thus not be liable to be continued in light of Circular No. 9/2024 issued by the Central Board of Direct Taxes.
The appealshall consequently stand dismissed on the ground of low tax effect.
YASHWANT VARMA, J.
DECEMBER 3, 2024/RW
DHARMESH SHARMA, J.
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