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Principal Commissioner Of Income Tax-07 v. Punjab & Sind Bank

High Court 18 Sep 2017 In favour of: Revenue
Forum / Bench
High Court · dhcdb
Parties
Principal Commissioner Of Income Tax-07 v. Punjab & Sind Bank
Date of order
18 Sep 2017
Assessment year(s)
2009-10
Outcome
Allowed

Case summary

In Principal Commissioner Of Income Tax-07 v. Punjab & Sind Bank, the High Court (2017) allowed the appeal. The decision went in favour of the Revenue.

Decision: 602 of 2017 for the AY2009-10, answering questions similar to those raised in this appeal in favourof the Assessee and against the Revenue, this appeal is dismissed.

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

Sections referenced in this judgment

The order — as passed by the High Court

$~ *IN THE HIGH COURT OF DELHI AT NEW DELHI7+ITA No. 735/2017 PRINCIPAL COMMISSIONER OF INCOME TAX-07 Appellant Through; Mr. Rahul Chaudhary, Senior StandingCounsel with Mr. Sanjay Kumar, Junior StandingCounsel. versus PUNJAB & SIND BANK Respondent Through: Mr. Salil Kapoor with Mr. SumitLalchandani and Ms. Ananya Kapoor andMs. Soumya Singh, Advocates. CORAM: JUSTICE S. MURALIDHARJUSTICE PRATHIBA M. SINGH ORDER%18.09.2017 C.M. No. 31675/2017 (exemption) 1. Allowed subject to all just exceptions. CM APPL 31674/2017 (delay) 2. For the reasons stated therein, the delay in filing the appeal is condoned. 3. The application is disposed of. ITA No. 735/2017 4. This appeal under Section 260A of the Income Tax Act, 1961 ('Act') filed by the Revenue is directed against the impugned order dated20"^ January 2017 passed by Income Tax Appellate Tribunal ('ITAT') inITA No. 5233/DeI/20I2 for the Assessment Year ('AY') 2008-09.ITA No. 735/2017 P"Se I of 2 Signature Not Verified 5. In view of the order passed today in ITA No. 602 of 2017 for the AY2009-10, answering questions similar to those raised in this appeal in favourof the Assessee and against the Revenue, this appeal is dismissed. S. MURALIDHAR, J. SEPTEMBER 18, 2017Rm PRATHIBA M. SINGH, J. ITA No. 735/2017 Page 2 of 2 ,$~33*IN THE HIGH COURTOF DELHI AT NEW DELHI+ITA 73,5/2017 PRINCIPAL COMMISSIONEROF INCOME TAX-07 AppellantThrough:Mr.RahulChaudhary,Sr.Standing, Counsel with Mr.Sanjay Kumar, Advocate. Versus PUNJAB & SIND BANK ^•RespondentThrough:Mr.SumitLalchandani,Advocate."^ . CORAM:JUSTICE S. MURALIDHARJUSTICE PRATHIBA M. SINGH ORDER %26.09.2017, 1. The office note has been perused. Para-4 of the order dated IS'*"September, 2017 is corrected as under: "4. This appeal under Section 260A of the Income Tax Act, 1961(Act') filed by the Revenue is directed against the impugned orderdated 20^^ January 2017 passed by Income Tax AppellateTribunal('ITAT') in ITA No.5253/Del/20I2for the Assessment Year ('AY')2008-09."'' S. MURALIDHARi J- SEPTEMBER 26, 2017/' PRATHIBA M. SINGH, J.
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