Principal Commissioner of Income Tax v. Central Electronics

Delhi High Court · 30 Nov 2018 · 2018:DHC:8325-DB

Sanjiv Khanna; Anup Jairam Bhambhani

ITA 1347/2018 & ITA 1348/2018

2018:DHC:8325-DB

tax appeal_dismissed Significant

AI Summary

The Delhi High Court dismissed the appeals, holding that unabsorbed depreciation cannot be carried forward beyond eight years under the Finance Act, 2001 amendment, with no substantial question of law arising.

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$-20 & 21 HIGH COURT OF DELHI ITAl347/2018 PRINCIPAL COMMISSIONER OFINCOME TAX Appellant
Through: Mr.Zoheb Hossain,Sr. Standing Counsel.

VERSUS

CENTRAL ELECTRONICS Respondent . Through:
348/2018 PR.COMMISSIONER OFINCOME TAX-02 Appellant
Through: Mr.Zoheb Hossain,Sr. Standing Counsel.

VERSUS

CENTRAL ELECTRONICS Respondent
Through:

CORAM: ^

HON'BLE MR.JUSTICE SANJIV KHANNA
HON'BLE MR.JUSTICE ANUP JAIRAM BHAMBHANI
30.11.2018

CM APPL.49885/2018 in ITA 1347/2018

CM APPL.49886/2018 in ITA 1348/2018
Delay in re-filing of59 days is condoned for the reasons stated in the applications. Applications are allowed.

ITA 1347/2018 &ITA 1348/2018
The issue raised in the present appeals relating to carry forward of
2018:DHC:8325-DB r unabsorbed depreciation beyond eight years in view of the subsequent amendment by Finance Aet, 2001 is eovered against the Revenue by

ORDER

of this court in Pr. CIT vs. British Motor Car Co.(1934) Ltd.
(2018)400ITR 569(Delhi).
Accordingly, we hold that no substantial question of law arises for consideration ofthis court in the present appeals.
The appeals are dismissed,without any order as to costs.
SANJIV KHANNA,J.
ANUP JAIRAM BHAMBHANI,J.
NOVEMBER 30,2018/mj 2018:DHC:8325-DB

Principal Commissioner of Income Tax v. Central Electronics

AI Summary

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ORDER

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