In Ita/649/2018 Of The .. Commissioner Of Income Tax International Taxation -2 v. Mastercard International Inc, the High Court (2018) dismissed the appeal under Section 234B, Section 260A of the Income-tax Act. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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* IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 649/2018 THE COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION -2 ..... Appellant Through Mr.Ruchir Bhatia, Sr.Standing Counsel for the Revenue. versus
MASTERCARD INTERNATIONAL INC.
..... Respondent Through Mr.Salil Kapoor and Ms.Ananya
Kapoor, Advocates.
CORAM:HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA O R D E R% 28.05.2018
The Revenue’s appeal under Section 260A of the Income Tax Act, 1961 is with respect to the interest charged under Section 234B of the Act. This question is no longer moot and has been decided against the Revenue in Director of Income Tax (International Taxation) vs. GE Packaged Power Inc. (2015) 373 ITR 65 Delhi The issue was also decided in favour of the same assessee for another assessment year. No substantial question of law arises. Appeal is dismissed.
S. RAVINDRA BHAT, J
A. K. CHAWLA, J
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