Pr Cit-7 v. Renuka Financial Services Ltd

$~19 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 429/2016 PR CIT-7 ..... Appellant Through: Mr. P. Roychaudhury, Sr. Standing Counsel and Ms. Vibhooti Malhotra, Advocate.

versus RENUKA FINANCIAL SERVICES LTD ..... Respondent Through

CORAM:

JUSTICE S. MURALIDHAR JUSTICE NAJMI WAZIRI

O R D E R

% 22.07.2016 CM No. 25824/2016 (Exemption)

1. Allowed subject to all just exceptions.

2. Application is disposed of.

ITA 429/2016 3.

This appeal by the Revenue is directed against the order dated 19th February, 2016 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 1599/Del/2013 for the Assessment Year ('AY') 2004-05. The point sought to be urged in the present appeal is regarding re-opening of the assessment after expiry of four years from the end of the assessment year without recording any failure on the part of the Assessee to disclose the material facts necessary for the assessment.

4.

The issue involved is covered by the decision of this Court, in

favour of the Assessee and against the Revenue, in CIT vs. Bhushan Capital and Credit Services Ltd., reported in (2013) 263 CTR 393. Consequently, no substantial question of law arises for consideration.

5. The appeal is dismissed.

S.MURALIDHAR, J NAJMI WAZIRI, J JULY 22, 2016/kk