+ Ita 1002/2017 And Cn Appl v. Ge Energy Parts Inc
High Court
15 Jan 2018 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
+ Ita 1002/2017 And Cn Appl v. Ge Energy Parts Inc
Date of order
15 Jan 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In + Ita 1002/2017 And Cn Appl v. Ge Energy Parts Inc, the High Court (2018) dismissed the appeal under Section 234B of the Income-tax Act. The decision went in favour of the assessee.
Decision: The appeal is therefore, dismissed. S
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
$~20
IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 1002/2017 and CN APPL. 41762/2017 THE COMMISSIONER OF INCOME TAX-INTERNATIONAL TAXATION-1 ..... Appellant THE COMMISSIONER OF INCOME TAX-INTERNATIONAL TAXATION-1 ..... Appellant
Through Mr. Ruchir Bhatia, Sr. Standing Counsel with Mr. Puneet Rai, Jr. Standing Counsel. Counsel with Mr. Puneet Rai, Jr. Standing Counsel.
versus
GE ENERGY PARTS INC. ..... Respondent Through Mr. Sachit Jolly and Mr. Anirudh Bhakru, Advs.
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA O R D E R% 15.01.2018
The short issue, which the Revenue urges in this appeal, pertains to the applicability of the interest provision under Section 234B of the Income Tax Act, 1961 in respect of the assessee’s income. The ITAT in this case had followed the decision in the previous assessment of the respondent, accepting the assessee’s contention [Director of Income Tax (International Taxation) Vs. GE Packaged Power Inc.]. For that reason, the relief granted by the ITAT cannot be faulted. No substantial question of law arises. The appeal is therefore, dismissed.
S. RAVINDRA BHAT, J
JANUARY 15, 2018/rc
A. K. CHAWLA, J
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