Principal Commissioner of Income Tax-5 v. Tally Automobiles Pvt. Ltd.

Delhi High Court · 22 Oct 2018 · 2018:DHC:8334-DB
Sanjiv Khanna; Anup Jairam Bhambhani
ITA 977/2018 and 982/2018
2018:DHC:8334-DB
tax appeal_dismissed

AI Summary

The Delhi High Court dismissed the Revenue's appeals against Tally Automobiles Pvt. Ltd. for assessment years 2010-11 and 2011-12 after the Revenue conceded that no exempt income was earned.

Full Text
Translation output
HIGH COURT OF DELHI
ITA 977/2018 and 982/2018
PRINCIPAL COMMISSIONER OFINCOMETAX-5 Appellant
Through:Mr.Asheesh Jain,Sr.Standing Counsel forIncome Tax Department with Mr.Sanjay
Kumar and Mr.Dushyant Sama,Advocates,
VERSUS
TALLY AUTOMOBILESPVT.LTD., Respondent
Through:Ms.Monika Ghai,Advocate.
ITA No.6705/Del/2014&290/Del/2016[Assessment Year2010-11]
ITA No.6705/Del/20I4&290/Del/2016[Assessment Year2011-12]
CORAM:
HON'BLE MR.JUSTICE SANJIV KHANNA
HON'BLE MR.JUSTICE ANUP JAIRAM BHAMBHANI
22.10.2018 Learned counsel for the Revenue accepts that the assessee had not earned any exemptincomein the AssessmentYear^in question. In view of the aforesaid accepted factual position,no substantial question oflaw arises, m view of our decision of even date in ITA No.725/2018, Principal
Commissioner ofIncome Tax-6,New Delhi Vs. Mcdonald'sIndia Private
Limited. The present appeals are accordingly dismissed, with no order as to costs.
OCTOBER 22,2018 MR/ssn SANJI{KHANNA,J.
HAMBHANI,J.
2018:DHC:8334-DB
JUDGMENT