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Pr. Commissioner Of Income Tax-1, Delhi v. M/S Advantage Fashion Pvt. Ltd

High Court 14 Oct 2024 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

14 Oct 2024

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Pr. Commissioner Of Income Tax-1, Delhi v. M/S Advantage Fashion Pvt. Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the present appeal is dismissed, on account of low tax effect.

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

The order — as passed by the High Court

$~79 IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 519/2024 PR. COMMISSIONER OF INCOME TAX-1, DELHI .....Appellant Through: Mr. Sanjay Kumar, Advocate. versus M/S ADVANTAGE FASHION PVT. LTD. Through: .....Respondent CORAM: HON'BLE MR. JUSTICE VIBHU BAKHRUHON'BLE MS. JUSTICE SWARANA KANTA SHARMA O R D E R% 14.10.2024 CM APPL. 60215/2024 (Exemption) 1. Allowed, subject to all just exceptions. 2.The application stands disposed of. CM APPL. 60216/2024 (condonation of delay in refilling the appeal) 3.For the reasons stated in the application, the delay in filing the appeal is condoned. 4.The application stands disposed of. ITA 519/2024 5. The learned counsel appearing for the Revenue fairly states that the present appeal is required to be disposed of, on account of low tax effect. He states that in terms of the circular dated 17.09.2024, the threshold limit for filing and maintaining an appeal has been increased to ₹2,00,00,000/-. The subject matter of the present appeal also does not fall within the exclusionary clause of the said circular 6. Accordingly, the present appeal is dismissed, on account of low tax effect. VIBHU BAKHRU, J OCTOBER 14, 2024/at SWARANA KANTA SHARMA, J Click here to check corrigendum, if any

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