Pr. Commissioner Of Income Tax-04, Delhi v. M/ S Indiabuils Capital Services Ltd.

$~50 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 181/2019 PR. COMMISSIONER OF INCOME TAX-04, DELHI ..... Appellant Through :

Mr. Zoheb Hossain, Sr. Standing Counsel for Revenue.

versus M/ S INDIABUILS CAPITAL SERVICES LTD. .. Respondent Through :

None.

CORAM:

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

O R D E R

% 26.02.2019 The question of law urged in respect of Section 14A in this case is squarely covered by the decision of this court in ACB India v. Assistant Commissioner of Income Tax, (2015) 374 ITR 108 (Delhi). Furthermore, the disallowance calculated exceeded the value of investment itself and is therefore, contrary to the ruling in Cheminvest Ltd. v. Commissioner of Income Tax, (2015) 378 ITR 33 (Delhi). As such, no question of law arises in the present appeal.

This appeal is therefore, dismissed.

S. RAVINDRA BHAT, J PRATEEK JALAN, J FEBRUARY 26, 2019 aj