Pr. Commissioner Of Income Tax -7 v. Wickwood Development Ltd
High Court
02 Aug 2024 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Pr. Commissioner Of Income Tax -7 v. Wickwood Development Ltd
Date of order
02 Aug 2024
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Pr. Commissioner Of Income Tax -7 v. Wickwood Development Ltd, the High Court (2024) dismissed the appeal under Section 153C of the Income-tax Act. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
$~55 & 56
IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 412/2024
PR. COMMISSIONER OF INCOME TAX -7
.....Appellant Through: Mr. Ruchir Bhatia, SSC with Mr. Anant Manu, JSC & Mr. Pratyaksh Gupta, JSC
versus
WICKWOOD DEVELOPMENT LTD.
.....Respondent Through: Ms. Kavita Jha & Mr. Himanshu Aggarwal, Advocates
56
+ ITA 413/2024
PR. COMMISSIONER OF INCOME TAX -7
.....Appellant
Through: Mr. Ruchir Bhatia, SSC with Mr. Anant Manu, JSC & Mr. Pratyaksh Gupta, JSC
versus
%
WICKWOOD DEVELOPMENT LTD. .....Respondent Through: Ms. Kavita Jha & Mr. Himanshu Aggarwal, Advocates
CORAM:HON'BLE MR. JUSTICE YASHWANT VARMAHON'BLE MR. JUSTICE RAVINDER DUDEJA
O R D E R02.08.2024
CM APPL. 43791/2024 (Exemption)
Allowed, subject to all just exceptions.
This application stands disposed of.
ITA 412/2024 & ITA 413/2024
1. These two appeals emanate from assessments carried out under Section 153C of the Income Tax Act, 1961 [“Act”] for Assessment Years [“AY”] 2006-07 and 2007-08. The Income Tax Appellate Tribunal [“Tribunal”] taking into consideration the fact that the search was conducted on 22 March 2012 and a Satisfaction Note drawn on 18 November 2013, ultimately come to hold that the reopening of the two AYs in question would not sustain bearing in mind the decision handed down by the Supreme Court in Commissioner of Income Tax-14 vs. Jasjit Singh [2023 SCC Online SC 1265].
2. In view of the aforesaid, we find no merit in the instant appeals. The same shall stand dismissed.
YASHWANT VARMA, J
AUGUST 2, 2024rm
RAVINDER DUDEJA, J
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.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue