COMMISSIONER OF INCOME TAX v. NEW WORLD SYNTHETIC LTD
ITA/1069/2010 · 2025-01-07
Tushar Rao Gedela
body2025
DailyLaw.ai
[ 2025 DAILYLAW 34765 (DEL) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 34765 (DEL) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
$~Regular-133 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 1069/2010
COMMISSIONER OF INCOME TAX
.....Appellant Through: Mr Sunil Agarwal with Mr Shivansh B. Pandya and Mr Viplav Acharya, Advocates.
versus
NEW WORLD SYNTHETIC LTD.
.....Respondent
Through: None.
CORAM:
HON'BLE THE ACTING CHIEF JUSTICE
HON'BLE MR. JUSTICE TUSHAR RAO GEDELA
O R D E R %
07.01.2025
1. The Revenue has filed the present appeal impugning the order dated 30.04.2009 passed by the learned Income Tax Appellate Tribunal in ITA No.549/Del/09 for the assessment year 2002-03.
2. At the outset, the learned counsel appearing for the Revenue states that the tax effect involved in the present appeal is below the threshold limit of ₹2,00,00,000/- as stipulated in the Circular dated 17.09.2024 and is not covered by any exceptions as set out in the circular.
3. Accordingly, the present appeal is dismissed on account of low tax effect.
VIBHU BAKHRU, ACJ
TUSHAR RAO GEDELA, J JANUARY 07, 2025/ tr This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 24/01/2025 at 12:39:02