CC accepts apology offered by ITO for not following principle of judicial discipline

Deccan Holdings B V Vs ITO (Delhi High Court) Mr. Shashi Bhushan Sharma, the Income Tax Officer, who had passed the impugned order, is personally present in court today. He admits that the observations/findings in the impugned order that the judgments passed by this court in Steria (India) Ltd. Vs. CIT, (2016) 386 ITR 390 (Del), EPCOS Electric Components S.A. Vs. Union of India, (2019) 266 Taxman 23 (Delhi) and M/s Concentrix Services Netherlands B.V., 434 ITR 516 ‘are not acceptable to him’ are untenable in law. He further admits that principle of judicial discipline mandates that the low...