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The Commissioner Of Income Tax-(International Txation)-2 v. Corning Sas- India

High Court 09 Oct 2024 In favour of: Assessee

Forum / Bench

High Court · dhcdb

Parties

Date of order

09 Oct 2024

Assessment year(s)

2011-12

Outcome

Dismissed

Case summary

In The Commissioner Of Income Tax-(International Txation)-2 v. Corning Sas- India, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: 3.Accordingly, the present appeal is dismissed on account 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

$~1 IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 1076/2017 and CM APPL.40626/2024 THE COMMISSIONER OF INCOME TAX-(INTERNATIONAL TXATION)-2 .....Appellant .....Appellant versus CORNING SAS- INDIA .....Respondent Through: Mr.Aniket D.Agrwal and Mr.Abhisek Singhvi, Advocates % CORAM: HON'BLE MR. JUSTICE VIBHU BAKHRUHON'BLE MS. JUSTICE SWARANA KANTA SHARMAO R D E R09.10.2024 1.The Revenue has filed the present appeal impugning the order dated 29.05.2017 passed by the learned Income Tax Appellate Tribunal in ITA No.816/Del./2016 for the assessment year 2011-12. 2.At the outset, the learned counsel appearing for the Revenue states that the tax effect involved in the present appeal is below the threshold limit of ₹2,00,00,000/- as stipulated in the Circular dated 17.09.2024. 3.Accordingly, the present appeal is dismissed on account of low tax effect. 4.Pending application also stands disposed of. VIBHU BAKHRU, J OCTOBER 09, 2024 SV SWARANA KANTA SHARMA, J Click here to check corrigendum, if any

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