Assessment Completed, issue resolved and Affirmed by SC: Delhi HC dismisses Appeal of Income Tax Dept [Read Order]

The Delhi High Court dismissed the appeal of the Income Tax department since the Assessment was completed, the issue was resolved and Affirmed by Supreme Court.

The appellant/revenue filed an appeal and seek for condonation of delay in filing the appeals. The  Court condoned the delay. The appeals was1 concerned about the  Assessment Year (AY) 2013-14 (ITA No. 403/2023), AY 2011-12 (ITA 405/2023) & AY 2009-10 (ITA 406/2023) which was in favour of the Meera Gupta, the assessees.

Mr Puneet Rai, senior standing counsel, who appeared on behalf of appellant/revenue, submitted that as per the findings confirmed by the Income Tax Appellate Tribunal [Tribunal] via a common judgment dated 12.10.2022, no incriminating material was found vis-à-vis in these AYs.

The Counsel for the revenue itself accepted that the issue which arises in the present appeals stands covered by the judgment of the coordinate bench of the Court, rendered in Commissioner of Income Tax (Appeals) [CIT(A)] Vs. Kabul Chawla, (2016).

The Court found that the above-said judgment has been affirmed by the Supreme Court in Principal Commissioner of Income Tax, Central-3 vs Abhisar Buildwell, 2023.

Since no substantial question of law arises, the division bench comprising Justice Rajiv Shakdher and Justice Girish Kathpalia dismissed the appeal.

To Read the full text of the Order CLICK HERE

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates