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Pr. Commissioner Of Income Tax-04, Delhi v. M/ S Indiabuils Capital Services Ltd

High Court 26 Feb 2019 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

26 Feb 2019

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Pr. Commissioner Of Income Tax-04, Delhi v. M/ S Indiabuils Capital Services Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.

Decision: This appeal is therefore, dismissed.

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

Sections referenced in this judgment

Section 14A case law →

The order — as passed by the High Court

$~50 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 181/2019 PR. COMMISSIONER OF INCOME TAX-04, DELHI ..... Appellant Through : Mr. Zoheb Hossain, Sr. Standing Counsel for Revenue. versus % M/ S INDIABUILS CAPITAL SERVICES LTD. .. Respondent Through : None. CORAM:HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE PRATEEK JALAN O R D E R26.02.2019 The question of law urged in respect of Section 14A in this case is squarely covered by the decision of this court in ACB India v. Assistant Commissioner of Income Tax, (2015) 374 ITR 108 (Delhi). Furthermore, the disallowance calculated exceeded the value of investment itself and is therefore, contrary to the ruling in Cheminvest Ltd. v. Commissioner of Income Tax, (2015) 378 ITR 33 (Delhi). As such, no question of law arises in the present appeal. This appeal is therefore, dismissed. S. RAVINDRA BHAT, J FEBRUARY 26, 2019 aj PRATEEK JALAN, J

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