Commissioner Of Income Tax v. Iscon Global Pvt Ltd
High Court
12 Mar 2020 In favour of: Revenue
Forum / Bench
High Court · dhcdb
Parties
Commissioner Of Income Tax v. Iscon Global Pvt Ltd
Date of order
12 Mar 2020
Assessment year(s)
—
Outcome
Allowed
The order — as passed by the High Court
Case summary
In Commissioner Of Income Tax v. Iscon Global Pvt Ltd, the High Court (2020) allowed the appeal. The decision went in favour of the Revenue.
Decision: Consequently, the present application isallowed and appeal is dismissed on the ground of low tax effect.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
$~7
*IN THE HIGH COURT OF DELHI AT NEW DELHI+ITA 993/2010
COMMISSIONER OF INCOME TAX..... AppellantThrough:Mr.Kunal Sharma, Senior StandingCounsel with Ms.Zehra Khan,Advocate.
versus
ISCON GLOBAL PVT LTD..... RespondentThrough:Mr.Salil Kapoor, Mr.Sidharth Kanwarand Ms.Ananya Kapoor, Advocatesfor respondent No.1.
CORAM:HON'BLE MR. JUSTICE MANMOHANHON'BLE MR. JUSTICE SANJEEV NARULAO R D E R%12.03.2020CM APPL. 45918/2019 (early hearing)
The present application has been filed on behalf of the respondentseeking early hearing in the present appeal filed by the Department. In thepresent application, it is stated that the appeal of Department - appellant inthe case of the present assesee is covered by the low tax effect circularissued by CBDT dated 8[th]August, 2019 numbered as circular no. 17/2019,wherein monetary limits for filing of appeals by the Department to the HighCourt is revised to Rs. 1 crore and the tax effect involved in the presentappeal (ITA No. 993/2010) is admittedly Rs.68,59,340/-. No reply to thepresent application has been filed despite notice having been accepted by the
Signature Not Verified
Department on 18[th]October, 2019. Consequently, the present application isallowed and appeal is dismissed on the ground of low tax effect.
MANMOHAN, J
SANJEEV NARULA, J
MARCH 12, 2020v
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