Commissioner Of Income Tax (Exemption) v. Sports Authority Of India

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI 28.

+ ITA 236/2016 COMMISSIONER OF INCOME TAX (EXEMPTION) ..... Appellant Through: Mr. P. Roy Chaudhuri, Senior Standing counsel with Ms. Lakshmi Gurung, Advocate.

versus SPORTS AUTHORITY OF INDIA ..... Respondent

CORAM:

JUSTICE S. MURALIDHAR JUSTICE VIBHU BAKHRU

O R D E R

% 05.04.2016 CM No. 12613/2016 (for exemption)

1. Exemption allowed subject to all just exceptions. ITA 236/2016

2. This appeal by the Revenue under Section 260A of the Income Tax Act, 1961 ('Act') is against an order dated 30th September 2015 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 2566/Del/2013 for the Assessment Year ('AY') 2000-01.

3. The question sought to be urged by the Revenue in this appeal is whether ITA No. 236 of 2016

the ITAT was justified in concurring with the decision of the Commissioner of Income Tax (Appeals) ['CIT (A)'] who deleted the addition of Rs.6,72,30,455 made by the Assessing Officer ('AO') to the disclosed income of the Assessee on account of 'rental income'.

4. The factual finding referred by the CIT (A), which has been concurred with by the ITAT, is that in its computation of taxable income, the Assessee did disclose the aforementioned rental income and, therefore, a separate addition was not called for.

5. The Court is not persuaded to hold that the above factual finding suffers from any perversity.

6. No substantial question of law arises for determination by the Court. The appeal is dismissed.

S. MURALIDHAR, J VIBHU BAKHRU, J APRIL 05, 2016 dn ITA No. 236 of 2016