Ita/504/2018 Of Principal Commissioner Of Income Tax-7 v. Raglan Infrastructure Ltd
High Court
01 May 2018 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Ita/504/2018 Of Principal Commissioner Of Income Tax-7 v. Raglan Infrastructure Ltd
Date of order
01 May 2018
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/504/2018 Of Principal Commissioner Of Income Tax-7 v. Raglan Infrastructure Ltd, the High Court (2018) dismissed the appeal. The decision went in favour of the assessee.
Decision: Therefore, no question of law arises and appeal is accordingly dismissed.
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
$~41
* IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 504/2018 & CM APPLN 17454/2018 PRINCIPAL COMMISSIONER OF INCOME TAX-7..... Appellant Through Mr.Ruchir Bhatia, Sr.Standing Counsel. versus RAGLAN INFRASTRUCTURE LTD. ..... Respondent Through None.
Mr.Ruchir Bhatia, Sr.Standing Counsel.
CORAM:HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA
O R D E R
%
01.05.2018
In the present appeal, the Revenue is aggrieved by the order of the ITAT which held that the disallowance made by the Revenue Authorities (AO) under Section 14A was unjustified and not in accordance with law.
The Revenue’s Appellate Authority and the Tribunal noticed that in the given assessment year concerning to the assessee, as a matter of fact, no tax exempt income had been derived so as to attract Section 14A. By applying the ratio of the judgment of this Court in Cheminvest Ltd. v.Commissioner of Income Tax [2015] 378 ITR 33 (Del), the Tribunal held that the disallowance was not justified. This Court notices that this view has been subsequently endorsed in other decisions as well. Therefore, no question of law arises and appeal is accordingly dismissed.
S. RAVINDRA BHAT, J
MAY 01, 2018/ndn
A. K. CHAWLA, J
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