Case Law › High Court › Pr. Commissioner Of Income Tax-20 v. Shi...

Pr. Commissioner Of Income Tax-20 v. Shipra Estate Ltd. & Jai Krishan Estate Developers P. Ltd

High Court 11 Feb 2025 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

11 Feb 2025

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Pr. Commissioner Of Income Tax-20 v. Shipra Estate Ltd. & Jai Krishan Estate Developers P. Ltd, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.

Decision: The appeal is, consequently, dismissed on the ground of low tax effect.

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

$~61 * IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 1414/2018 PR. COMMISSIONER OF INCOME TAX-20 .....Appellant Through: Ms. Sakshi Shairwal, JSC for Mr. Vipul Agrawal, Adv. versus SHIPRA ESTATE LTD. & JAI KRISHAN ESTATE DEVELOPERS P. LTD. .....Respondent Through: None. CORAM:HON'BLE MR. JUSTICE YASHWANT VARMAHON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR O R D E R11.02.2025 % Undisputedly, the tax effect which forms the subject matter of this appeal falls below INR 2 Crores and would thus not be liable to be continued in light of the provisions made in Circular No. 9/2024 dated 17 September 2024. The appeal is, consequently, dismissed on the ground of low tax effect. The proposed questions of law are kept open to be urged and addressed in an appropriate case. The date of 29 April 2025 stands cancelled. YASHWANT VARMA, J HARISH VAIDYANATHAN SHANKAR, JFEBRUARY 11, 2025/RW

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