Principal Commissioner Of Income Tax - 7 v. Psb Industrial (India) Pvt. Ltd
High Court
16 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Principal Commissioner Of Income Tax - 7 v. Psb Industrial (India) Pvt. Ltd
Date of order
16 Dec 2024
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Principal Commissioner Of Income Tax - 7 v. Psb Industrial (India) Pvt. Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.The appeal is, consequently, dismissed on the ground of low tax effect.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
$~83
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 575/2018
PRINCIPAL COMMISSIONER OF INCOME TAX - 7
.....Appellant
Through: Mr. Vipul Agrawal, SSC.
versus
PSB INDUSTRIAL (INDIA) PVT. LTD., .....Respondent Through: Ms. Swaralipi Deb Roy, Adv.
%
CORAM:
HON'BLE MR. JUSTICE YASHWANT VARMAHON'BLE MR. JUSTICE DHARMESH SHARMA
O R D E R
16.12.2024
1.Undisputedly, the tax effect which forms subject matter of this appeal falls below INR 2 Crores and would thus not be liable to be continued in light of the provisions made in Circular No. 9/2024 dated 17 September 2024.
2.The appeal is, consequently, dismissed on the ground of low tax effect.
3.The next date of hearing fixed on 12.03.2025 is cancelled.
YASHWANT VARMA, J.
DECEMBER 16, 2024
Ch
DHARMESH SHARMA, J.
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