Pr.Commissioner of Income Tax-4 v. Ge Money Financial Services Pvt.Ltd

O R D E R %

01.11.2017

The question of law which the Revenue urges in its appeal is with respect to the treatment of Non-Performing Assets (NPA).

It is pointed out by the assessee, which is represented on advance notice, that for the years i.e. A.Y. 2006-07, 2007-08 and 2008-09, the Court had rejected the Revenue's appeal under Section 260A (ITA No.67-68 and 73/2017) while following the judgment in Commissioner of Income Tax v. Vasisth Chay Vyapar Ltd., (2011) 330 ITR 440 (Delhi). ITAT had applied the principle in Vasisth Chay Vyapar Ltd. (supra). Following the decision of this Court in ITA No.67-68 and 73/2017, it is held that no substantial question of law arises.

Appeal is therefore dismissed.

S. RAVINDRA BHAT, J

SANJEEV SACHDEVA, J NOVEMBER 01, 2017/kks

* IN THE HIGH COURT OF DELHI AT NEW DELHI + ITA 226/2017 PR.COMMISSIONER OF INCOME TAX-4 ..... Appellant Through: Mr. Ruchir Bhatia with Mr. Gaurav Khetarpal & Mr. Puneet Rai, Advs. versus GE MONEY FINANCIAL SERVICES PVT.LTD. ..... Respondent Through: Mr. Sachit Jolly, Adv. CORAM: HON'BLE MR. JUSTICE S. RAVINDRA BHAT HON'BLE MR. JUSTICE SANJEEV SACHDEVA