In Mds Securities Ltd v. The Commissioner Of Income Tax, the High Court (2018) dismissed the appeal. The decision went in favour of the Revenue.
Decision: The appeal is dismissed in default.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
$~R-9
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA No.555/2005
MDS SECURITIES LTD.
..... Appellant
Through: None
versus
THE COMMISSIONER OF INCOME TAX ..... Respondent Through: Mr. Zoheb Hossain, Senior Standing Counsel
CORAM:HON'BLE MR. JUSTICE SANJIV KHANNA HON'BLE MR. JUSTICE CHANDER SHEKHAR
%
O R D E R
10.01.2018
Learned Senior Standing Counsel for the respondent/revenue states that the issue is covered by the decision of the Supreme Court in Commissioner of Income Tax v. Bhagat Construction Company Pvt. Ltd. & Ors., [2016] 383 ITR9(SC).
None appears for the appellant/assessee. The appeal is dismissed in default.
SANJIV KHANNA, J.
JANUARY 10, 2018 tp
CHANDER SHEKHAR, J.
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