Commissioner Of Income Tax (Exemption) Delhi v. Calorex Foundation

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI 18. + ITA 296/2016 COMMISSIONER OF INCOME TAX (EXEMPTION) DELHI ..... Appellant Through: Mr P. Roy Chaudhuri, Senior Standing counsel. versus CALOREX FOUNDATION ..... Respondent Through: Mr Ved Jain and Mr Pranjal Srivastava, Advocates. CORAM: JUSTICE S.MURALIDHAR JUSTICE VIBHU BAKHRU O R D E R% 06.05.2016 CM No.16767/2016 1. Allowed, subject to all just exceptions. ITA 296/2016 2. The tax effect as stated by the Revenue is Rs.69,67,126/-. However, it is clarified that this is on a notional basis. The Assessing Officer assessed the total income of the Assessee as Rs.25,32,000/-. It is pointed out by the learned counsel for the Assessee that even if the Revenue succeeds in the question urged in this appeal, the tax effect would be below Rs.20,00,000. ITA 296/2016 Page 1 of 2 3. Accordingly, in terms of the Circular No.21/2015 dated 10[th] December 2015 issued by the Central Board of Direct Taxes, this appeal has to be treated as not pressed by the Revenue. 4. The appeal is accordingly, dismissed as not pressed. S.MURALIDHAR, J MAY 06, 2016 MK VIBHU BAKHRU, J ITA 296/2016 Page 2 of 2