The Pr. Commissioner Of Income Tax -3 v. Engineering Projects India Ltd. Through: Mr. Mayank Nagi, Adv
High Court
23 May 2018 In favour of: Revenue
Forum / Bench
High Court · dhcdb
Parties
The Pr. Commissioner Of Income Tax -3 v. Engineering Projects India Ltd. Through: Mr. Mayank Nagi, Adv
Date of order
23 May 2018
Assessment year(s)
—
Outcome
Allowed
The order — as passed by the High Court
Case summary
In The Pr. Commissioner Of Income Tax -3 v. Engineering Projects India Ltd. Through: Mr. Mayank Nagi, Adv, the High Court (2018) allowed the appeal. The decision went in favour of the Revenue.
Decision: The appeal is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
$~27
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+
ITA 635/2018 & CM APPL. 21725-21727/2018
THE PR. COMMISSIONER OF INCOME TAX -3
..... Appellant
Through: Mr. Ruchir Bhatia, Sr. Standing Counsel for Revenue.
versus
ENGINEERING PROJECTS INDIA LTD. Through: Mr. Mayank Nagi, Adv.
..... Respondent
CORAM:
HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE A. K. CHAWLA
O R D E R% 23.05.2018
Questioning the common order of the Income Tax Appellate Tribunal (ITAT) under Section 260A of the Income Tax Act, 1961, the Revenue is aggrieved in its appeal. The Assessing Officer (AO) had brought to tax certain amounts for the two AYs in question, holding that they are prior period expenses and, therefore, could not be allowed.
The CIT(A), after detailed analysis of the facts, held that the liabilities had crystallized on account of the assessee’s contractual relationship and, therefore, set aside the AO’s order. The ITAT affirmed that view.
This Court is of the opinion that since the findings are intensely fact-dependent, no substantial question of law arises. The appeal is accordingly dismissed.
S. RAVINDRA BHAT, J
MAY 23, 2018/kks
A. K. CHAWLA, J
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