Dismissed¶12
Commissioner of Income Tax v. M/S Diwakar Engineers Ltd.
Delhi HCITA/1118/2005
Case brief
AI extract
What is this about?
Delhi High Court ITA 1118/2005 (decided 03.02.2026): Commissioner of Income Tax v. M/s Diwakar Engineers Ltd.; appeal dismissed under CBDT Circular No.5/2024 (15.03.2024) with Circular No.9/2024 (17.09.2024) on low tax effect; assessment order dated 27.12.1993; return loss Rs.1,37,77,000; assessed income Rs.(-)7,59,463 (negative); disallowances Rs.3,66,924.75 and Rs.1,06,17,661; tax-effect threshold Rs.2 crores; liberty to revive within exceptions.
What did the court decide?
Appellate revenue's income-tax appeal dismissed under CBDT Circular No.5/2024 read with Circular No.9/2024 (low tax effect); liberty granted to the department to seek revival if the matter falls within the exceptions. ¶12