Tax -Central -1 v. Vatika Limited
High Court
07 Jan 2025 In favour of: Unclear
Forum / Bench
High Court · dhcdb
Parties
Tax -Central -1 v. Vatika Limited
Date of order
07 Jan 2025
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Tax -Central -1 v. Vatika Limited, 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.
$~45
* IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 560/2022
THE PR. COMMISSIONER OF INCOME
TAX -CENTRAL -1
.....Appellant
Through: Mr. Debesh Panda, SSC with Ms. Zehra Khan, Mr. Vikramaditya Singh, JSCs & Ms. Anauntta Shankar, Adv.
versus
%
VATIKA LIMITED.
.....Respondent
Through: Mr. C.S. Aggarwal, Sr. Adv. with Mr. Uma Shankar & Mr. Ravi Pratap Mall, Advs.
CORAM:HON'BLE MR. JUSTICE YASHWANT VARMAHON'BLE MR. JUSTICE DHARMESH SHARMAO R D E R
07.01.2025
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.
YASHWANT VARMA, J.
JANUARY 07, 2025/kk
DHARMESH SHARMA, J.
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