The Commissioner Of Income Tax-Iv v. Iffico Chhatisgarh Power Ltd
High Court
17 Jan 2025 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
The Commissioner Of Income Tax-Iv v. Iffico Chhatisgarh Power Ltd
Date of order
17 Jan 2025
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax-Iv v. Iffico Chhatisgarh Power 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
$~59
* IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 227/2014
THE COMMISSIONER OF INCOME TAX-IV .....Appellant
Through: Mr. Shlok Chandra, SSC with Ms. Naincy Jain and Ms. Madhavi Shukla, JSCs.
versus
IFFICO CHHATISGARH POWER LTD. .....Respondent Through: None.
%
CORAM:
HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR
O R D E R17.01.2025
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.
HARISH VAIDYANATHAN SHANKAR, J.JANUARY 17, 2025/RW
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