Commissioner of Income Tax v. Ankitech Pvt. Ltd.

Delhi High Court · 05 Aug 2011 · 2011:DHC:14566-DB
A.K. Sikri; J.R. Mehta
ITA No. 932/2011
2011:DHC:14566-DB
tax appeal_dismissed Significant

AI Summary

The court dismissed the Revenue's appeal, affirming that the receipts in question do not constitute deemed dividends under Section 2(22)(e) of the Income Tax Act, following the precedent set in Commissioner of Income Tax vs. Ankitech Pvt. Ltd.

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Present: Ms. Rashmi Chopra, Adv. for the Revenue.
Mr. R.M. Mehta, Adv. for the assessee.
+lTA No.932/2Ot l
*
The issue raised herein touching upon the interpretation of Section 2(22)(e) of the Income Tax Act has already been decided against the Revenue and in favour of the assessee by the
JUDGMENT
of this Court in the case of Commissioner of lncome Tax Vs'
Ankitech Pvt, Ltd, (in ITA 46212009, decided on 11.05.2011).
Following the aforesaid judgment, this appeal is dismissed.
*"\
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A.K StKRl, J. J.R. MTDHA, J.
AUGUST 05, 2OI.I. pmc
2011:DHC:14566-DB