Ita/221/2015 Of Pr. Commissioner Of Income Tax-1 Chandigarh v. M/S Ansysco Sunrise Complex
High Court
03 Aug 2015 In favour of: Unclear
Forum / Bench
High Court · phhc
Parties
Ita/221/2015 Of Pr. Commissioner Of Income Tax-1 Chandigarh v. M/S Ansysco Sunrise Complex
Date of order
03 Aug 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/221/2015 Of Pr. Commissioner Of Income Tax-1 Chandigarh v. M/S Ansysco Sunrise Complex, the High Court (2015) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH
ITAIA2015 (O&M)Date of decision:03.08.2015
Pr. Commissioner of Income Tax-I, Chandigarh.
..Appellant
Versus.
M/s Ansysco, Sunrise Complex, SCO 74-75, Sector 8-C,Chandigarh.
...Respondent
CORAMHONBLE MR. JUSTICE S.J. VAZIFDAR, ACTING CHIEF JUSTICEHON5BLE MR. JUSTICE G.S. SAANDHAWALI
Present: Ms. Urvashi Dhugga, Advocate,
for the appellant.
ee
S.J. VAZIFDAR, A.C.J. (QRAL)
The only reason that we do not intend entertaining this appeal isthat there is no adverse tax effect upon the revenue. Even if the order of theAssessing Officer is reinstated, the assessee’s profits would stand increasedentitling it to enhanced benefit under Section 80 II C of the Income Tax Act,1961. |
oOWe, therefore, dispose of this appeal with the clarification that wehave not decided the issue as to whether the work ought to be treated oncapital account or on revenue account. ©
03.08 2015Amodh
(S.J. VAZIFDAR)ACTING CHIEF JUSTICE
(G.S. SANDHAWALIA) |JUDGE
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