Ita/1197/2008 Of Commissioner Of Income Tax Delhi Central Iii v. Padmini Exports
High Court
10 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Ita/1197/2008 Of Commissioner Of Income Tax Delhi Central Iii v. Padmini Exports
Date of order
10 Dec 2024
Assessment year(s)
1996-97
Outcome
Dismissed
Case summary
In Ita/1197/2008 Of Commissioner Of Income Tax Delhi Central Iii v. Padmini 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-48
* IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 1197/2008 COMMISSIONER OF INCOME TAX DELHI CENTRAL III .....Appellant Through: Mr Vipul Aggarwal, SSC, Mr Girban Naushad and Ms Sakshi Shairwal, JSCs. Versus PADMINI EXPORTS .....Respondent
Through:
CORAM:HON'BLE THE ACTING CHIEF JUSTICEHON'BLE MR. JUSTICE TUSHAR RAO GEDELAO R D E R
%
10.12.2024
1.The Revenue has filed the present appeal impugning the order dated 16.11.2007 passed by the learned Income Tax Appellate Tribunal in ITA No.985/Del/2004 for the assessment year 1996-97.
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.
ACTING CHIEF JUSTICE
DECEMBER 10, 2024
M
TUSHAR RAO GEDELA, J
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