The Pr. Commissioner Of Income Tax -4 v. Indraprastha Gas Ltd.

$~78 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 191/2019 & CM APPL. 9519/2019 THE PR. COMMISSIONER OF INCOME TAX -4 ..... Appellant Through:

Mr.Ruchir Bhatia, Sr.Std.Counsel versus INDRAPRASTHA GAS LTD.

..... Respondent Through:

Ms.Prem Lata Bansal, Sr.Advocate with Mr.Divyanshu Agrawal, Advocate

CORAM:

HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE PRATEEK JALAN

O R D E R

% 27.02.2019 1.

The reassessment for the Assessment Year 2007-08, resulted in addition on the ground of depreciation claimed by the assessee to the tune of ₹1,30,37,257/-. The CIT(A) and the ITAT set aside the addition on the ground that for issuing the reassessment notice was not based on tangible independent material outside of the records [which included the assessee's declaration of the material facts].

2.

This Court is of the opinion that having considered the grounds urged in this appeal, no substantial question of law arises. 3.

The appeal is, therefore, dismissed.

S. RAVINDRA BHAT, J PRATEEK JALAN, J FEBRUARY 27, 2019 'hkaur'