Principal Commissioner Of Income-Tax(Central)-0 1 v. M/S Cecil Webber Engineering Ltd
High Court
24 Oct 2016 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
Principal Commissioner Of Income-Tax(Central)-0 1 v. M/S Cecil Webber Engineering Ltd
Date of order
24 Oct 2016
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Principal Commissioner Of Income-Tax(Central)-0 1 v. M/S Cecil Webber Engineering Ltd, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Issue: JUSTICE DEEPA SHARMA O R D E R % 24.10.2016 The question of law urged is ‘Whether in the circumstances, the loss claimed was permissible as such on account of the forfeiture of the amount paid by the assessee towards investment made, covered by previous decision of this court inCIT vs.
Decision: The appeal is therefore dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
$~3
* IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 648/2016
PRINCIPAL COMMISSIONER OF INCOME-TAX(CENTRAL)-0 1,
..... Appellant
Through: Mr. Dileep Shivpuri, Sr. Standing Counsel along with Mr. Sanjay Kumar, Jr. Standing Counsel and Mr. Vikrant Maheshwari, Advocate.
versus
M/S CECIL WEBBER ENGINEERING LTD.
..... Respondent
Through:
none.
CORAM:HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MS. JUSTICE DEEPA SHARMA O R D E R
% 24.10.2016
The question of law urged is ‘Whether in the circumstances, the
loss claimed was permissible as such on account of the forfeiture of the amount paid by the assessee towards investment made, covered by previous decision of this court inCIT vs. Chand Ratan Bagri, 329 ITR 356 ?’
As a result, the court is of the opinion that no question of law arises.
The appeal is therefore dismissed.
S. RAVINDRA BHAT, J
OCTOBER 24, 2016
sapna
DEEPA SHARMA, J
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