Case Law › High Court › Of Income Tax-7 v. M/S Promain Limited

Of Income Tax-7 v. M/S Promain Limited

High Court 19 Sep 2024 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

19 Sep 2024

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Of Income Tax-7 v. M/S Promain Limited, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

$~3 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 849/2018 PRINCIPAL COMMISSIONER OF INCOME TAX-7 .....Appellant Through: Mr. Sanjay Kumar and Ms. Easha, Advocates. versus M/S PROMAIN LIMITED .....Respondent Through: Mr. Salil Aggarwal, Sr. Adv. with Mr. Madhur Aggarwal, Mr. Uma Shankar, Mr. Gaurav Aggarwal, Advs. CORAM: HON'BLE MR. JUSTICE YASHWANT VARMAHON'BLE MR. JUSTICE RAVINDER DUDEJA O R D E R% 19.09.2024 1.In view of the Central Board of Direct Taxes Circular No. 9/2024 dated 17 September 2024, Mr. Kumar, learned counsel for the appellant, submits that the appeal would be liable to be dismissed on the ground of low tax effect. 2.Ordered accordingly. YASHWANT VARMA, J. SEPTEMBER 19, 2024/vp RAVINDER DUDEJA, J.

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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