Pr. Commissioner Of Income Tax -Central -1 v. Karina Airlines International Limited
High Court
09 Oct 2024 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Pr. Commissioner Of Income Tax -Central -1 v. Karina Airlines International Limited
Date of order
09 Oct 2024
Assessment year(s)
2011-12
Outcome
Dismissed
Case summary
In Pr. Commissioner Of Income Tax -Central -1 v. Karina Airlines International Limited, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Decision: 5.Accordingly, the present appeal is dismissed on account of low taxeffect.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
$~56
*IN THE HIGH COURT OF DELHI AT NEW DELHI
+ITA 515/2024
PR. COMMISSIONER OF INCOME TAX -CENTRAL -1
.....Appellant
Through:Mr Ruchir Bhatia, SSC, Mr AnantMann, JSC Mr Pranjal Singh and MrAbhishek Anand, Advocate.
versus
KARINA AIRLINES INTERNATIONAL LIMITED
Through:None.
.....Respondent
CORAM:HON'BLE MR. JUSTICE VIBHU BAKHRUHON'BLE MS. JUSTICE SWARANA KANTA SHARMA
O R D E R%09.10.2024
CM APPL. 59695/2024(delay condonation of 11 days in filing); &-CM APPL. 59696/2024 (delay condonation of 314 days in refiling)
1.For the reasons stated in the applications, the delay in filing and re-filing of the above captioned appeal stands condoned.
2.The applications are disposed of.ITA 515/2024
3.The Revenue has filed the present appeal impugning the order dated11.05.2023 passed by the learned Income Tax Appellate Tribunal (ITAT) inITA No.714/Del/2021 for the assessment year 2011-12.
4.At the outset, the learned counsel appearing for the Revenue statesthat the tax effect involved in the present appeal is below the threshold limit
of ₹2,00,00,000/- as stipulated in the Circular dated 17.09.2024. 5.Accordingly, the present appeal is dismissed on account of low taxeffect.
VIBHU BAKHRU, J
OCTOBER 09, 2024M
SWARANA KANTA SHARMA, J
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