Commissioner Of Income Tax (Tds)-2 v. Power Grid Corporation Of India Ltd
High Court
26 Oct 2016 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Commissioner Of Income Tax (Tds)-2 v. Power Grid Corporation Of India Ltd
Date of order
26 Oct 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Commissioner Of Income Tax (Tds)-2 v. Power Grid Corporation Of India Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
$~7
* IN THE HIGH COURT OF DELHI AT NEW DELHI
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ITA 660/2016, CM APPL.31181/2016
COMMISSIONER OF INCOME TAX (TDS)-2 ..... Appellant Through: Mr. Dileep Shivpuri, Sr. Standing Counsel with Mr. Sanjay Kumar, Jr. Standing Counsel.
versus
POWER GRID CORPORATION OF INDIA LTD ..... Respondent Through: Mr. Pranjal Srivastava, Advocate.
CORAM:HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MS. JUSTICE DEEPA SHARMA
%
O R D E R26.10.2016
The revenue is aggrieved and urges what it considered to be a substantial question of law. At the outset, the Court noticed that the tax effect in this case is about Rs.11,73,000/-.
In the circumstances, the appeal could not have been maintained by the Revenue in view of the prevailing Circulars issued by the Board in that regard.
The appeal is accordingly dismissed.
S. RAVINDRA BHAT, J
OCTOBER 26, 2016
/vikas/
DEEPA SHARMA, J
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