Case Law Details
PCIT Vs C J International Hotels Ltd. (Delhi High Court)
The Delhi High Court has made a significant decision regarding appeals numbered ITA No. 504/2023 and ITA No. 505/2023. These appeals challenged the income tax addition made by the Assessing Officer. The court’s stance and the pending Special Leave Petition (SLP) are crucial aspects of this case.
Detailed Analysis: In this case, the Assessing Officer had made substantial additions to the income, totaling Rs. 6,96,49,798/-, for each of the Assessment Years (AYs) 2013-14 and 2014-15. The reason behind these additions was the categorization of this income as derived from a house property adjoining a hotel.
The controversy in this case is not new, as a similar issue was dealt with by the Delhi High Court in a decision dated 18.11.2010. The previous judgment involved the same respondent/assessee, and it laid down a legal precedent.
While the appellant/revenue challenged the Assessing Officer’s additions, the Delhi High Court, in its recent judgment, noted that the issue was already addressed in the earlier decision. The court found that no substantial question of law was left for consideration.
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