Principal Commissioner Of Income Tax - 7 v. Pinewood Information Systems Pvt. Ltd
High Court
15 Dec 2017 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Principal Commissioner Of Income Tax - 7 v. Pinewood Information Systems Pvt. Ltd
Date of order
15 Dec 2017
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Principal Commissioner Of Income Tax - 7 v. Pinewood Information Systems Pvt. Ltd, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: No question of law arises; the appeal is accordingly 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
$~15
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 1146/2017
PRINCIPAL COMMISSIONER OF INCOME TAX - 7 ..... Appellant
Through: Mr. Rahul Chaudhary, Sr. Standing Counsel with Mr. Sanjay Kumar, Jr. Standing Counsel.
versus
PINEWOOD INFORMATION SYSTEMS PVT. LTD. .... Respondent Through: Mr. Manu K. Giri, Advocate.
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE SANJEEV SACHDEVA
%
O R D E R
15.12.2017
The revenue’s appeal under Section 260 (A) of the Income Tax Act, 1961 challenges an order of the ITAT which had affirmed the appellate Commissioner’s order setting aside the additions made under Section 14A. The CIT (A) and the ITAT held that application of Rule 8D in the circumstances was unwarranted. The recent decision of the Supreme Court in Godrej & Boyce Manufacturing Company Limited v. Dy. Commissioner of Income Tax & Anr., 394 ITR 449 (SC) is conclusive and has ruled against the revenue.
No question of law arises; the appeal is accordingly dismissed.
S. RAVINDRA BHAT, J
DECEMBER 15, 2017/vikas/
SANJEEV SACHDEVA, J
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