Commissioner Of Income Tax v. M/S D.S.N.K.Jewellers P.Ltd.

R~24 ITA 634/2005 COMMISSIONER OF INCOME TAX ..... Petitioner Through Mr. Asheesh Jain, Sr. Standing Counsel for Income Tax Department with Mr. Shahrukh, Advocate.

M/S D.S.N.K. JEWELLERS P.LTD.

..... Respondent Through Mr. Manu K Giri, Advocate.

Counsel for the Revenue accepts that the tax effect in the present case is below 20 lakhs.

In view of the statement made, we are not required to decide the present appeal on merits.

The appeal will be treated as disposed of for the purpose of record.

R~32 ITA 669/2005 M/S DAWAR CONSTRUCTION CO. P. LT ..... Appellant Nemo.

THE INCOME TAX OFFICER N.D. & ..... Respondent Mr. Puneet Rai, Advocate.

None for the appellant.

In the interest of justice, no adverse order is passed today.

R~34 ITA 676/2005 M/S ABHIPRA CAPITAL LTD. ..... Petitioner Through Dr. Rakesh Gupta, Mr. Ashwani Taneja sand Mr. Rohit Kumar Gupta, Advocates.

DEPUTY COMMISSIONER OF INCOME ..... Respondent Through Ms. Lakshmi, Advocate for Income Tax Department.

Arguments heard Judgement reserved.

MR

R~36 ITA 717/2005 COMMISSIONER OF INCOME TAX ..... Petitioner Advocate (proxy) for Mr. Zoheb Hossain, Sr. Standing Counsel for Revenue.

M/S TECHNO EXPORTS ..... Respondent At the request of the counsel for the Revenue, who, it is stated is held up in another Court, the appeal is not taken up for hearing today. SANJIV KHANNA, J CHANDER SHEKHAR, J

R~38 ITA 729/2005 THE COMMISSIONER OF INCOME TAX ..... Petitioner Mr. Ruchir Bhatia, Sr. Standing Counsel.

M/S PUNJAB NATIONAL BANK ..... Respondent This appeal by the Revenue under Section 21 of the Interest Tax Act, 1974 read to Section 260A of the Income Tax Act, 1961 pertains to Assessment Year 1997-1998 and arises from Interest Tax Appeal No. 52/Del/2001 and impugns order dated 18th January, 2005 passed by the Income Tax Appellate Tribunal in the case of Punjab National Bank formerly Known as P.N.B. Capital Services Limited. 2.

By order dated 1st December, 2005, the appeal was admitted on the following substantial question of low:- "1.

Whether interest earned on Government securities and bonds are chargeable to tax under Section 5 read with Section 2 (5) and 2 (7) of the Interest Act?" 3.

The issue in question is covered against the Revenue-Appellant by the decision of the Supreme Court in Commissioner of Income Tax, Kanpur Vs. Sahara India Savings and Investment Corporation Limited, (2009) 17

SCC 43 and Commissioner of Income Tax, Gandhinagar Vs. Gujarat Industrial Investment Corporation, (2016) 388 ITR 484 SC. 4.

The question of law is accordingly answered against the Revenue and in favour of the respondent-assessee. The appeal is disposed of. There would be no order as to costs.