Case Law › High Court › Pr. Commissioner Of Income Tax (Central)...

Pr. Commissioner Of Income Tax (Central), Gurugram v. Nectar Life Sciences Ltd

High Court 16 Oct 2024 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

16 Oct 2024

Assessment year(s)

2005-06

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Pr. Commissioner Of Income Tax (Central), Gurugram v. Nectar Life Sciences Ltd, 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 tax effect.

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

$~24 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 267/2024 PR. COMMISSIONER OF INCOME TAX (CENTRAL), GURUGRAM .....Appellant Through: Mr. Sanjay Kumar, Advocate versus NECTAR LIFE SCIENCES LTD. Through: .....Respondent % CORAM:HON'BLE MR. JUSTICE VIBHU BAKHRUHON'BLE MS. JUSTICE SWARANA KANTA SHARMA O R D E R16.10.2024 CM APPL. 27901/2024 (delay in filing the appeal) 1.By way of present application, the applicant seeks condonation of delay in filing the present appeal. 2.For the reasons stated in the application, the present application stands allowed and is accordingly disposed of. ITA 267/2024 3.The Revenue has filed the present appeal impugning the order dated 01.08.2022 passed by the learned Income Tax Appellate Tribunal in ITA No.598/CHD/2012 for the assessment year 2005-06. 4.At the outset, the learned counsel appearing for the Revenue states that 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 tax effect. 6.Pending application, if any, also stands disposed of. VIBHU BAKHRU, J OCTOBER 16, 2024 ns SWARANA KANTA SHARMA, J Click here to check corrigendum, if any

Facing a similar income-tax issue?

Our CA-led litigation team handles notices, scrutiny, penalties and appeals (CIT(A) & ITAT) end-to-end.

✅ File an income-tax appeal (CIT(A)/ITAT) → 💬 Ask our CA

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.