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The Principal Commissioner Of Income Tax Faridabad _... Appellan v. M/S Jindal Steel & Power Ltd

High Court 22 Jul 2022 In favour of: Assessee

Forum / Bench

High Court · phhc

Parties

Date of order

22 Jul 2022

Assessment year(s)

2010-11

Outcome

Dismissed

Case summary

In The Principal Commissioner Of Income Tax Faridabad _... Appellan v. M/S Jindal Steel & Power Ltd, the High Court (2022) dismissed the appeal. The decision went in favour of the assessee.

Issue: Whether speaking/reasoned Yes/No 2.

Decision: ITA-116-2021 (O&M) In view of the above, instant appeal is dismissed in terms of judgment dated 16.05.2019 passed by this Court inITA No.78 of 2019.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH COURT OF PUNJAB AND HARYANAAT CHANDIGARH ITA-116-2021 (O&M)Date of decision: 22.07.202 The Principal Commissioner of Income Tax Faridabad _... Appellan Versus M/s Jindal Steel & Power Ltd.... Respondent CORAM: HON'BLE MR. JUSTICE TBRJINDER SINGH DHINDSAHON'BLE MR. JUSTICE PANKAJ JAIN, Present:Mr. T.K. Joshi, Advocate for the appellant. Mr. Vishal Gupta, Advocate for the respondent. TEJINDER SINGH DHINDSA, J. (QRAL). Instant appeal under Section 260-A of the Income Tax Act,1961 is directed against the order dated 20.03.2020 passed by the IncomeTax Appellate Tribunal, New Delhi in SA No. 40/Del/2020 (in ITA-619/Del/2015) for the assessment year 2010-11 Mr. Tajinder K. Joshi, learned Senior Standing counsel for theappellant at the very outset concedes that the issue raised in the appealwould be covered against the revenue in the light of Division Benchjudgment dated 25.04.2016 passed inITA No.5 of 2016titled asPrincipalCommissioner of Income Tax, Gurgaon Vs. M/s Carrier AirConditioning and Refrigeration Ltd.which has been further relied uponby another Division Bench judgment dated 16.05.2019 in>ITA No.78 of2019titled asThe Principal Commissioner of Income Tax, Gurgaon Vs.M/s Mitsubishi Electric Automotive India Pvt. Ltd., Manesar,Gurgaon. ITA-116-2021 (O&M) In view of the above, instant appeal is dismissed in terms of judgment dated 16.05.2019 passed by this Court inITA No.78 of 2019. (TEJINDER SINGH DHINDSA)JUDGE 22.07.2022harjeet (PANKAJ JAIN)JUDGE 1. Whether speaking/reasoned Yes/No 2. Whether Reportable Yes/No

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