Case Law › High Court › Commissioner Of Income Tax v. M/S Kanak...

Commissioner Of Income Tax v. M/S Kanak Exports

High Court 19 Dec 2024 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

19 Dec 2024

Assessment year(s)

2005-06

Outcome

Dismissed

Case summary

In Commissioner Of Income Tax v. M/S Kanak Exports, 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.

The order — as passed by the High Court

$~R-104 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 1139/2009 COMMISSIONER OF INCOME TAX .....Appellant Through: Mr. Abhishek Maratha, Sr. SC with Mr. Parth Semwal (JSC), Mr. Apoorv Agarwal (JSC), Ms. Nupur Sharma, Mr. Gaurav Singh, Mr. Bhanukaran Singh Jodha, Ms. Muskaan Goel and Mr. Kamakshraj Singh, Advocates versus M/S KANAK EXPORTS .....Respondent Through: CORAM:HON'BLE THE ACTING CHIEF JUSTICEHON'BLE MR. JUSTICE TUSHAR RAO GEDELA O R D E R 19.12.2024 % 1.The Revenue has filed the present appeal impugning the order dated 23.12.2008 passed by the learned Income Tax Appellate Tribunal in ITA No.2237/Del/2008 for the assessment year 2005-06. 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. 3.Accordingly, the present appeal is dismissed on account of low tax effect. VIBHU BAKHRU, ACJ DECEMBER 19, 2024/Aj TUSHAR RAO GEDELA, J

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