In two income tax appeals regarding depreciation rates, counsel for the appellant conceded the issue was answered in favor of the assessee following earlier High Court decisions. The appeals were dismissed accordingly.
The appeals stood dismissed.
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$~8-10
PR. COMMISSIONER OF INCOME TAX-6, NEW DELHI ..... Appellant Through: Mr. Aseem Chawla, SSC.
versus
MPS INFOTENICS LTD. (EARLIER KNOWN AS VISHESH INFOTECNICS LTD.) ..... Respondent Through: Mr. Sumit K. Batra, Mr. Manish Khurana & Ms. Priyanka Jindal, Advs.
9 + ITA 1408/2018 & CM APPL. 51409/2018 (311 Days Delay)
PR. COMMISSIONER OF INCOME TAX DELHI -6 ..... Appellant Through: Mr. Aseem Chawla, SSC.
versus
M/S MPS INFOTECHNICS LTD(PREVIOUSLY KNOWN AS M/S VISHESH INFOTECHNICS LTD.) ..... Respondent Through: Mr. Sumit K. Batra, Mr. Manish Khurana & Ms. Priyanka Jindal, Advs.
10
PR. COMMISSIONER OF INCOME TAX DELHI -6 ..... Appellant Through: Mr. Aseem Chawla, SSC.
versus
M/S MPS INFOTECHNICS LTD. (PREVIOUSLY KNOWN AS M/S VISHESH INFOTECNICS LTD.) ..... Respondent Through: Mr. Sumit K. Batra, Mr. Manish Khurana & Ms.
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 17/12/2024 at 15:43:37
Priyanka Jindal, Advs.
CORAM:
HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV
O R D E R % 15.02.2024
Mr. Chawla, learned counsel appearing in support of these appeals, fairly concedes that the solitary issue with respect to the rate of depreciation stands answered in favour of the assessee in light of the judgment rendered by the Madras High Court in CIT vs Computer Age Management Services (P.) Ltd. [(2019) 109 taxmann.com 134 (Madras)] as well as of our Court in Principal Commissioner of Income-Tax vs Times Internet Ltd. [(2023) SCC OnLine Del 6934].
In view of the aforesaid and following the aforenoted two decisions, these appeals shall stand dismissed.
YASHWANT VARMA, J
PURUSHAINDRA KUMAR KAURAV, J FEBRUARY 15, 2024/ kk
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 17/12/2024 at 15:43:37
1 issue framed by the court
Whether the appeals should be dismissed given the prior favorable judgment on the rate of depreciation.
Colour shows how this judgement treated each authority
CIT vs Computer Age Management Services (P.) Ltd.Followed¶22
CIT vs Computer Age Management Services (P.) Ltd. [(2019) 109 taxmann.com 134 (Madras)]
Principal Commissioner of Income-Tax vs Times Internet Ltd.Followed¶22
Principal Commissioner of Income-Tax vs Times Internet Ltd. [(2023) SCC OnLine Del 6934] · Who else cites this
PR. COMMISSIONER OF INCOME TAX-6, NEW DELHI
MPS INFOTENICS LTD.
YASHWANT VARMA
PURUSHAINDRA KUMAR KAURAV
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
