Principal Commissioner of Income Tax-07 v. M/S PHI Seeds Ltd.

Delhi High Court · 03 Aug 2016 · 2016:DHC:8394-DB
S. Muralidhar; Najmi Waziri
ITA 410/2016
2016:DHC:8394-DB
tax appeal_dismissed Significant

AI Summary

The Delhi High Court dismissed Revenue's appeals, holding that prior to the 2008 amendment, the Assessing Officer lacked power to suo motu extend the special auditor's report submission deadline under the Income Tax Act.

Full Text
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HIGH COURT OF DELHI
ITA 410/2016
PRINCIPAL COMMISSIONER OFINCOME TAX-07 Appellant
Through: Mr.Sanjay Kumar,Advocate
VERSUS
M/S PHI SEEDS LTD., Respondent
Through: Mr. Shashi M Kapila, Mr. R.R.
Maurya, Mr.Pravesh Sharma, Ms. Malvika Kalra and Mr.Sanjay Kumar,Advocates.
WITH
2.
ITA 411/2016
PRINCIPAL COMMISSIONEROFINCOME TAX-07 Appellant
VERSUS
M/SPHISEEDS LTD. Respondent
Through: Mr. Shashi M Kapila,. Mr. R.R.
WITH
3.
ITA 412/2016
PRINCIPAL COMMISSIONER OF INCOME TAX-07 Appellant
VERSUS
M/SPHI SEEDS LTD. Respondent ITA 410to415of2016 Page1of4
2016:DHC:8394-DB
WITH
4.
ITA 413/2016
PRINCIPAL COMMISSIONER OF INCOME TAX-07 Appellant
VERSUS
I M/SPHI SEEDS LTD. Respondent
WITH
5.
ITA 414/2016
VERSUS
M/S PHI SEEDS LTD. Respondent And 6.
ITA 415/2016
VERSUS
M/SPm SEEDS LTD. Respondent ITA 410to415of2016 Page2of4
CORAM:
JUSTICE S.MURALIDHAR JUSTICE NAJMI WAZIRI
03.08.2016
CM APPL.25522/2016(Exemption)in ITA 410/2016
CM APPL.25523/2016(Exemption)in ITA 411/2016
CM APPL.25524/2016(Exemption)in ITA 412/2016
CM APPL.25525/2016(Exemption)in ITA 413/2016
CM APPL.25528/2016(Exemption)in ITA 414/2016
ORDER

1. Allowed,subjectto alljust exceptions. ITA 410/2016. ITA 411/2016. ITA 412/2016. ITA 413/2016. ITA 414/2016&ITA 415/2016

2. These appeals are filed against a common order dated 9'*^ December 2015 passed by the Income Tax Appellate Tribunal in ITA No. 2256- 2261/Del/2005 for the Assessment Years('AYs')1996-97to 2001-2002.

3. The issue urged by the Revenue in the present appeals concerns the powers ofthe Assessing Officer,prior to amendment in Section 142(2C)of the Income Tax Act, 1961 ('Act') with effect from 1®^ April 2008, to suo motu extend the time limit for the special auditor to submit his report in terms ofSection 142(2A)ofthe Act.

4. It is not in dispute that said question stands answered in favour of the Assessee and against the Revenue by the decision of this Court in Commissioner ofIncome Tax v. Bishan Saroop Ram Kishan Agro(P)Ltd (2011)203 Taxman 326(Del). ITA 410to 415of2016 Page3of[4]

5. Consequently,no substantial question oflaw arises.

6. The appeals are dismissed.

AUGUST 03,2016 acm S.MURALIDHAR,J NAJMIWAZIRI,J ITA 410to 415of2016 Page4of[4]