Principal Commissioner Of Income Tax, Delhi - 07 v. M/S Pnb Housing Finance Ltd
High Court
12 Feb 2025 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Principal Commissioner Of Income Tax, Delhi - 07 v. M/S Pnb Housing Finance Ltd
Date of order
12 Feb 2025
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Principal Commissioner Of Income Tax, Delhi - 07 v. M/S Pnb Housing Finance Ltd, the High Court (2025) 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
$~67
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 154/2022
PRINCIPAL COMMISSIONER OF INCOME TAX, DELHI - 07 .....Appellant
.....Appellant
Through: Mr. Sunil Agarwal, SSC with Mr. Shivansh B. Pandya, Mr. Viplav Acharya, Ms. Priya Sarkar, JSCs and Mr. Utkarsh Tiwari, Adv.
versus
M/S PNB HOUSING FINANCE LTD.
.....Respondent Through: Mr. Sidhant Kumar, Ms. Manyaa Chandok and Ms. Anshika Saxena, Advs.
CORAM:HON'BLE MR. JUSTICE YASHWANT VARMAHON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR
O R D E R
%
12.02.2025
1.Undisputedly, the tax effect which forms the 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. The proposed questions of law are kept open to be urged and addressed in an appropriate case.
3.The next date of hearing i.e. 01.04.2025 shall stand cancelled.
YASHWANT VARMA, J.
HARISH VAIDYANATHAN SHANKAR, J.FEBRUARY 12, 2025/nd
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