The Commissioner Of Income Tax v. Siel Limited, New Delhi
High Court
03 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
The Commissioner Of Income Tax v. Siel Limited, New Delhi
Date of order
03 Dec 2024
Assessment year(s)
1995-96
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax v. Siel Limited, New Delhi, 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
$~Regular -12
* IN THE HIGH COURT OF DELHI AT NEW DELHI+ ITA 530/2008
THE COMMISSIONER OF INCOME TAX .....Appellant Through: Mr. Gaurav Gupta, Mr. Shivendra Singh & Mr. Yojit Pareek, Advs. Versus
SIEL LIMITED, NEW DELHI .....Respondent
Through: Counsel for the respondent.
CORAM:
HON'BLE MR. JUSTICE VIBHU BAKHRUHON'BLE MS. JUSTICE SWARANA KANTA SHARMAO R D E R
03.12.2024
%
1.The Revenue has filed the present appeal impugning the order dated 23.11.2007 passed by the learned Income Tax Appellate Tribunal in ITA
No.262/Del/1999 for the assessment year 1995-96.
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 and is not covered by any exceptions as set out in the circular.
3.Accordingly, the present appeal is dismissed on account of low tax effect.
VIBHU BAKHRU, J
DECEMBER 03, 2024 ‘gsr’
SWARANA KANTA SHARMA, J
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