In Commissioner Of Income Tax v. Anil Bhalla, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: As a result of the development, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
$~58
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 1191/2005
COMMISSIONER OF INCOME TAX ..... Appellant Through Ms. P.L. Bansal, Adv.
versus
ANIL BHALLA
Through
..... Respondent
Mr. Madhur Aggarwal, Adv.
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA O R D E R% 15.10.2018
No question of law is framed in this appeal.
By virtue of subsequent development i.e. issuance of a circular (No. 3 of 2018 dated 11.07.2018) for low tax effect, the appeal cannot
be maintained and prosecuted by revenue.
As a result of the development, the appeal is dismissed.
S. RAVINDRA BHAT, J
OCTOBER 15, 2018
rc
A. K. CHAWLA, J
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