The Pr. Commissioner Of Income Tax -4 v. Indraprastha Gas Ltd
High Court
27 Feb 2019 In favour of: Assessee
Forum / Bench
High Court · dhcdb
Parties
The Pr. Commissioner Of Income Tax -4 v. Indraprastha Gas Ltd
Date of order
27 Feb 2019
Assessment year(s)
2007-08
Outcome
Dismissed
Case summary
In The Pr. Commissioner Of Income Tax -4 v. Indraprastha Gas Ltd, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.The appeal is, therefore, dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
$~78
IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA 191/2019 & CM APPL. 9519/2019
THE PR. COMMISSIONER OF INCOME TAX -4 ..... Appellant Through: Mr.Ruchir Bhatia, Sr.Std.Counsel Through: Mr.Ruchir Bhatia, Sr.Std.Counsel
versus
INDRAPRASTHA GAS LTD. ..... Respondent
Through: Ms.Prem Lata Bansal, Sr.Advocate with Mr.Divyanshu Agrawal,
Advocate
CORAM:HON’BLE MR. JUSTICE S. RAVINDRA BHATHON’BLE MR. JUSTICE PRATEEK JALAN
O R D E R27.02.2019
%
1.The reassessment for the Assessment Year 2007-08, resulted in addition on the ground of depreciation claimed by the assessee to the tune of ₹1,30,37,257/-. The CIT(A) and the ITAT set aside the addition on the ground that for issuing the reassessment notice was not based on tangible independent material outside of the records [which included the assessee’s declaration of the material facts].
2.This Court is of the opinion that having considered the grounds urged in this appeal, no substantial question of law arises.
3.The appeal is, therefore, dismissed.
S. RAVINDRA BHAT, J
FEBRUARY 27, 2019 ‘hkaur’
PRATEEK JALAN, J
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue