Cit Vs. Pipeline Technologists Ltd.

Cit vs Pipeline Technologists Ltd.

Type Court Judgment Court Delhi Decided Aug 16, 2001

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Citation: sooperkanoon.com/710184
Court: Delhi High Court
Decided On: Aug 16, 2001
Case Number: IT Reference No. 74 of 1983 16 August 2001
Subject: Direct Taxation

Case Summary

AI-generated summary - not the official court judgment text.

Key legal issue: Direct Taxation

Parties & Advocates

Appellant / Petitioner

Cit

Advocate R.D. Jolly and; Ms. Prem Lata Bansal,;for the Revenu

Respondent

Pipeline Technologists Ltd.

Legal References

Reported In: [2001]119TAXMAN477(Delhi)

Excerpt

- arijit pasayat, c.j. heard. at the instance of the revenue, the following question has been referred by the tribunal, delhi bench-c, for opinion of this court under section 256(1) of the income tax act, 1961 (hereinafter referred to as the act) :'whether, on the facts and in the circumstances of the case, the tribunal is correct in law in directing the income tax officer to limit the additions to the income of the assessed to the actual tax paid by the ongc on behalf of the assessed-company ?'2. factual aspects need not be noted in detail in view of the decision of this court in frank beaton v. cit : [1985]156itr16(delhi) . in view of the said decision, answer to the question referred is in the affirmative, in favor of assessed and against the revenue. 3. the reference stands disposed of.

Full Judgment

Arijit Pasayat, C.J.

Heard. At the instance of the revenue, the following question has been referred by the Tribunal, Delhi Bench-C, for opinion of this court under section 256(1) of the Income Tax Act, 1961 (hereinafter referred to as the Act) :

'Whether, on the facts and in the circumstances of the case, the Tribunal is correct in law in directing the Income Tax Officer to limit the additions to the income of the assessed to the actual tax paid by the ONGC on behalf of the assessed-company ?'

2. Factual aspects need not be noted in detail in view of the decision of this court in Frank Beaton v. CIT : [1985]156ITR16(Delhi) . In view of the said decision, answer to the question referred is in the affirmative, in favor of assessed and against the revenue.

3. The reference stands disposed of.

Same Court & Year Delhi · 2001 Same Parties Cit vs Pipeline Technologists Ltd. Same Subject Direct Taxation

Direct Taxation