Tax-09 v. Wel Intertrade (P) Ltd
High Court
12 Feb 2025 In favour of: Unclear
Forum / Bench
High Court · dhcdb
Parties
Tax-09 v. Wel Intertrade (P) Ltd
Date of order
12 Feb 2025
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Tax-09 v. Wel Intertrade (P) Ltd, the High Court (2025) dismissed the appeal.
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.
$~63
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 155/2020 & CM APPL. 7943/2020 (Delay 79 Days In Re-Filing)
THE PR. COMMISSIONER OF INCOME
TAX-09
.....Appellant
Through: Mr. Puneet Rai, SSC, Mr. Ashvini Kumar and Mr. Rishabh Nangia, JSCs and Mr. Nikhil Jain, Adv.
versus
WEL INTERTRADE (P) 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. 04.03.2025 shall stand cancelled.
YASHWANT VARMA, J.
HARISH VAIDYANATHAN SHANKAR, J.FEBRUARY 12, 2025/nd
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