Case Law › High Court › Commissioner Of Income Tax v. Fena Pvt L...

Commissioner Of Income Tax v. Fena Pvt Ltd

High Court 11 Dec 2024 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

11 Dec 2024

Assessment year(s)

1993-94

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Commissioner Of Income Tax v. Fena Pvt 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.

$~R-60 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 1355/2008 COMMISSIONER OF INCOME TAX .....Appellant Through: Mr. Puneet Rai, SSC, Mr. Ashvini Kumar and Mr. Rishabh Nangia, JSCs versus FENA PVT LTD .....Respondent Through: CORAM: HON'BLE THE ACTING CHIEF JUSTICEHON'BLE MR. JUSTICE TUSHAR RAO GEDELA O R D E R11.12.2024 % 1. The Revenue has filed the present appeal impugning the order dated 09.05.2008 passed by the learned Income Tax Appellate Tribunal in ITA No.201/Del./2003 for the assessment year 1993-94. 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. VIBHU BAKHRU, ACJ DECEMBER 11, 2024 Aj TUSHAR RAO GEDELA, J Click here to check corrigendum, if any

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