Dismissed¶20

The Principal Commissioner of Income Tax - International Taxation -1 v. Ares Diversified

Delhi HC17 Mar 2025ITA/67/2025

Case brief

AI extract

What is this about?

Low tax effect dismissal of Revenue appeals; monetary limit/threshold of ₹2,00,00,000 under circular dated 17.09.2024; exception under clause (f) of para 3.1 rejected per co-ordinate Bench order dated 10.03.2025 in ITA No. 62/2025; Principal Commissioner of Income Tax - International Taxation-1 v. Ares Diversified; Delhi High Court; coram Vibhu Bakhru and Tejas Karia, JJ.; decided 17.03.2025; appeals dismissed and pending applications disposed.

What did the court decide?

Since the present appeals (ITA Nos. 67/2025 and 70/2025) and ITA No. 62/2025 were filed against a common order, the order passed by this court in ITA No. 62/2025 (The Commissioner of Income Tax – International Taxation-1 v. Ares Diversified) is equally applicable to these appeals. ¶19

The Principal Commissioner of Income Tax - International Taxation -1 Vs Ares Diversified — Delhi HC (2025) — LawSathi Research

¶1

$~62 & 65

¶2

IN THE HIGH COURT OF DELHI AT NEW DELHI

¶3

- ITA 67/2025 & CM APPL. 15352-53/2025 THE PRINCIPAL COMMISSIONER OF INCOME

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TAX - INTERNATIONAL TAXATION -1

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.....Appellant Through: Mr Ruchir Bhatia, SSC, Mr Anant Mann, JSC and Mr Abhishek Anand, Advocate. versus ARES DIVERSIFIED

.....Respondent

Through: None.

With

- ITA 70/2025 CM APPL. 15401/2025 THE PRINCIPAL COMMISSIONER OF INCOME TAX - INTERNATIONAL TAXATION -1

¶10

.....Appellant Through: Mr Ruchir Bhatia, SSC, Mr Anant Mann, JSC and Mr Abhishek Anand, Advocate. versus ARES DIVERSIFIED

¶11

.....Respondent Through: None.

¶12

CORAM: HON'BLE MR. JUSTICE VIBHU BAKHRU HON'BLE MR. JUSTICE TEJAS KARIA

¶13

O R D E R

¶14

% 17.03.2025

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Mr. Bhatia, learned counsel appearing on behalf of the Revenue submits that the tax effect involved in the present appeals is below the threshold limit of ₹2,00,00,000/- as stipulated in the circular dated

¶16

This is a digitally signed order.

¶17

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 20/03/2025 at 12:37:30

¶18

17.09.2024. He states that it is the Revenue’s case that the present appeals would be covered under the exceptions under clause (f) of para 3.1 of the said circular. However, he also fairly points out that said contention was rejected by a co-ordinate Bench of this court in the connected appeal by an order dated 10.03.2025.

¶19

Since the present appeals [ITA Nos.67/2025 and 70/2025] and ITA No.62/2025 have been filed against a common order, the order passed by this court in ITA No. 62/2025 captioned The Commissioner of Income Tax – International Taxation-1 v. Ares Diversified is equally applicable in these appeals.

¶20

Thus, the present appeals are also dismissed on account of low tax effect as quantified. Pending applications are also disposed of.

VIBHU BAKHRU, J

TEJAS KARIA, J

MARCH 17, 2025 M

This is a digitally signed order.

¶25

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 20/03/2025 at 12:37:30

The Principal Commissioner of Income Tax - International Taxation -1 v. Ares Diversified

Case brief

What is this about?

What did the court decide?

The Principal Commissioner of Income Tax - International Taxation -1 v. Ares Diversified

Case brief

What is this about?

What did the court decide?

What the court decided

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