Commissioner Of Income Tax Delhi Iv v. Delhi Stock Exchange Association Ltd
High Court
06 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Commissioner Of Income Tax Delhi Iv v. Delhi Stock Exchange Association Ltd
Date of order
06 Dec 2024
Assessment year(s)
2002-03
Outcome
Dismissed
Case summary
In Commissioner Of Income Tax Delhi Iv v. Delhi Stock Exchange Association Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.Accordingly, the present appeal is dismissed on account of low tax effect.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
$~Regular -32
IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 914/2008
COMMISSIONER OF INCOME TAX DELHI IV .....Appellant
Through: Mr. Puneet Rai, Adv.
Versus DELHI STOCK EXCHANGE ASSOCIATION LTD.....Respondent Through: Counsel for the respondent.
CORAM:HON'BLE THE ACTING CHIEF JUSTICEHON'BLE MR. JUSTICE TUSHAR RAO GEDELAO R D E R06.12.2024
%
1.The Revenue has filed the present appeal impugning the order dated 29.08.2007 passed by the learned Income Tax Appellate Tribunal in ITA No.3819/Del/2005 for the assessment year 2002-03.
2.At the outset, the learned counsel appearing for the Revenue states that the tax effect involved in the present appeal is below the threshold limit of ₹2,00,00,000/- as stipulated in the Circular dated 17.09.2024 and is not covered by any exceptions as set out in the circular.
3.Accordingly, the present appeal is dismissed on account of low tax effect.
ACTING CHIEF JUSTICE
DECEMBER 06, 2024 ‘gsr’
TUSHAR RAO GEDELA, J
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