Delhi HC Closes Appeals, Allows Writ Petition in CIT Vs L.G. Electronics

CIT Vs L.G. Electronics Inc. Korea (Delhi High Court)

1. Background of the Appeals:

ITA 420/2023 & ITA 421/2023: These appeals related to AY 2015-16 and AY 2016-17 were brought before the court by the appellant/revenue against the orders passed by the Income Tax Appellate Tribunal (Tribunal).

Prior Court Decision: The appeals were correctly contextualized with a prior court ruling from 2010, Lachman Dass Bhatia Vs. Assistant Commissioner of Income Tax, that affected the way these appeals were to be handled.

2. Counsel Arguments and Legal Precedents:

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