Commissioner of Income-tax-14 v. Rakesh Arora
[Citation -2015-LL-0529-206]

Citation 2015-LL-0529-206
Appellant Name Commissioner of Income-tax-14
Respondent Name Rakesh Arora
Court HIGH COURT OF DELHI AT NEW DELHI
Relevant Act Income-tax
Date of Order 29/05/2015
Judgment View Judgment
Keyword Tags valuation of property • question of law • tax effect
Bot Summary: The Revenue is aggrieved by the order of the Income Tax Appellate Tribunal dated 08.08.2014 whereby the valuation of property determined under Section 142A of the Income Tax Act, 1961 was rejected and consequential additions were disallowed. This Court notices that the ITAT s order concurrently found the findings in the assessee s favour through the common order. This Court is also of the opinion that no question of law arises since the same issue was considered in ITA No. 340/2015 where the same order of the ITAT was upheld by judgment dated 22.05.2015. On these grounds, there is no cause to interfere with the findings of the ITAT. No question of law arises. The other issues urged do not disclose tax effect of such kind as to warrant the exercise of appellate jurisdiction under Section 260A of the Act, having regard to the circulars issued by the CBDT. 5.


IN HIGH COURT OF DELHI AT NEW DELHI ITA 350/2015 COMMISSIONER OF INCOME TAX-14.Appellant Through: Ms. Suruchi Aggarwal, Sr. Standing Counsel, Ms. Lakshmi Gurung, Jr. Standing Counsel and Mr. Abhishek Sharma, Advs. versus RAKESH ARORA.Respondent Through: Mr. Salil Kapoor and Mr. Vikas Jain, Advs. CORAM: HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE R.K.GAUBA ORDER % 29.05.2015 1. Revenue is aggrieved by order of Income Tax Appellate Tribunal (hereinafter referred to as ITAT) dated 08.08.2014 whereby valuation of property determined under Section 142A of Income Tax Act, 1961 was rejected and consequential additions were disallowed. 2. This Court notices that ITAT s order concurrently found findings in assessee s favour through common order. This Court is also of opinion that no question of law arises since same issue was considered in ITA No. 340/2015 (CIT v. Anil Arora) where same order of ITAT was upheld by judgment dated 22.05.2015. 3. On these grounds, there is no cause to interfere with findings of ITAT. No question of law arises. 4. other issues urged do not disclose tax effect of such kind as to warrant exercise of appellate jurisdiction under Section 260A of Act, having regard to circulars issued by CBDT. 5. appeal is accordingly dismissed. S. RAVINDRA BHAT, J R.K.GAUBA, J Commissioner of Income-tax-14 v. Rakesh Arora
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