Commissioner Of Income Tax-(Exemptions v. Vishweshraiya Educational Trust
High Court
13 Mar 2018 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Commissioner Of Income Tax-(Exemptions v. Vishweshraiya Educational Trust
Date of order
13 Mar 2018
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Commissioner Of Income Tax-(Exemptions v. Vishweshraiya Educational Trust, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is consequently dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
$~12
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 697/2017
COMMISSIONER OF INCOME TAX-(EXEMPTIONS)
..... Appellant
Through: Mr. Zoheb Hossain, Sr. Standing Counsel for Revenue with Mr. Deepak Anand, Jr. Standing Counsel for Revenue.
versus
VISHWESHRAIYA EDUCATIONAL TRUST ..... Respondent Through: Mr. Pranjal Srivastava, Adv.
CORAM:HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA
O R D E R
%
13.03.2018
Learned counsel for the respondent/assessee informs that the issue with respect to permissibility of depreciation to a charitable institution covered by Section 10(23C), read with Section 12A of the Income Tax Act, 1961, that the Revenue is agitating in this appeal, is now covered against it by the judgment of the Supreme Court in Commissioner of Income Tax, Pune v. Rajasthan and Gujarati Charitable Foundation, (2017) 12 TMI 1067 (SC).
–In the light of this development which is not disputed by the Revenue’s counsel, it is held that no question of law arises. The appeal is consequently dismissed.
S. RAVINDRA BHAT, J
MARCH 13, 2018/kks
A. K. CHAWLA, J
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue