Principal Commissioner of Income Tax (Central)-1 v. Sahara India Financial Corporation Ltd.

Delhi High Court · 21 Jul 2017 · 2017:DHC:8741-DB
S. Muralidhar; Prathiba M. Singh
ITA 444/2017
2017:DHC:8741-DB
tax appeal_dismissed Significant

AI Summary

The Delhi High Court dismissed the Revenue's appeals under Section 260A of the Income Tax Act, 1961, upholding the ITAT's order in favor of Sahara India Financial Corporation Ltd. based on settled questions of law.

Full Text
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$-10, 11, 13, 15 to 24 HIGH COURT OF DELHI
ITA 444/2017
ITA 445/2017
ITA 447/2017
ITA 449/2017
ITA 450/2017
ITA 451/2017
ITA 452/2017
ITA 453/201'^ ITA 454/20h
ITA 455/2017
• ITA 456/2017
ITA 457/2017
ITA 458/2017
PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL)- 1 Appellant
Through: Mr. Sanjay Kumar and Mr. Rahul Kaushik, Advocates.
VERSUS
SAHARA INDIA FINANCIAL CORPORATION LTD., Respondent
Through : Mr. Satyen Sethi and Mr. Arta Trana
Panda, Advocates.
CORAM:
JUSTICE S.MURALIDHAR JUSTICE PRATHIBA M. SINGH
21.07.2017 CM No.22471/2017 (exemption) ITA No.444/2017
CM No.22472/2017 (exemption) ITA No.445/2017 CM No.22474/2017 (exemption) ITA No.447/2017
2017:DHC:8741-DB CM No.22476/2017 (exemption) ITA No.449/2017
CM No.22477/2017 (exemption) ITA No.450/2017 CM No.22478/2017 (exemptionVITA No.452/2017
CM No.22479/2017 (exemption) ITA No.453/2017 CM No.22480/2017 (exemption) ITA No.454/2017
CM No.22481/2017 (exemption) ITA No.455/2017 CM No.22482/2017 (exemption) ITA No.456/2017
CM No.22483/2017 (exemption) ITA No.457/2017 CM No.22484/2017 (exemption) ITA No.458/2017
ORDER

1. Allowed, subject to all just exceptions. ITA 444/2017. ITA 445/2017, ITA 447/2017. ITA 449/2017, ITA 450/2017. ITA 451/2017. ITA 452/2017. ITA 453/2017. ITA 454/2017, ITA 455/2017. ITA 456/2017. ITA 457/2017«& ITA 458/2017

2. These appeals under Section 260A of the Income Tax Act, 1961 are directed against the impugned order dated 13^ December 2016 passed by the Income Tax Appellate Authority ('ITAT') by which the appeals of the Revenue were dismissed.

3. The question of law urged in these appeals stands answered against the Revenue by the decisions ofthis Court dated 20^^^ September 2012 in ITA Nos. 637 of 2011 etc {CIT v. Sahara India Financial Corporation Ltd.) and ITA Nos. 846 of 2011 etc. {CITy. Sahara India Mutual Benefit Co. Ltd.). Consequently, these appeals are dismissed. a- S.MURALIDHAR, J -^oAjlU ' PRATHIBA M. SllSfdil, J JULY 21, 2017/JA: