Case Law › High Court › Commissioner Of Income Tax v. Stainless...

Commissioner Of Income Tax v. Stainless Investment Ltd

High Court 19 Dec 2024 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

19 Dec 2024

Assessment year(s)

1998-99

Outcome

Dismissed

Case summary

In Commissioner Of Income Tax v. Stainless Investment 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.

The order — as passed by the High Court

$~R-103 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 1116/2009 COMMISSIONER OF INCOME TAX .....Appellant Through: Mr. Gaurav Gupta, SSC with Mr. Shivendra Singh and Mr. Yojit Pareek, JSCs versus STAINLESS INVESTMENT LTD .....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 23.01.2009 passed by the learned Income Tax Appellate Tribunal in ITA No.4315 /DEL/2002 for the assessment year 1998-99. 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 Click here to check corrigendum, if any

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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