PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL-3, DELHI vs. ORIENTAL TOLLWAYS PVT LTD

Accordingly, the prayer made therein is allowed. 4. The application is disposed of in the aforesaid terms. ITA 252/2023 5. This appeal concerns Assessment Year (AY) 2014-2015. 6. The appellant/revenue seeks to assail the order dated 19.09.2022 passed by the Income Tax Appellate Tribunal [in short, “Tribunal”]. The Tribunal has sustained the deletion of the addition made by the Assessing Officer in exercise of powers under Section 14A of the Income Tax Act, 1961 [in short, “the Act”] read with Rule 8D of the Income Tax Rules, 1962 [in short, “the Rules”]. 6.1 To be noted, the amount of deletion which has been sustained is quantified at Rs.3,35,28,383/-. According to the Tribunal, no exempt income has been earned by the respondent/assessee during the period under consideration, and therefore, disallowance under Section 14A of the Act was not warranted. 7. There is no dispute, that this issue is covered by a judgment of the coordinate bench of this Court dated 02.09.2015 passed in ITA 749/2014 titled Cheminvest Limited v. Commissioner of Income Tax-VI and the judgment passed in Commissioner of Income-tax, Central 1, Chennai v. Chettinad Logistics (P.) Ltd. [2017] 80 taxmann.com 221 (Madras). 8. To be noted, one of us i.e., Rajiv Shakdher, J., was part of the bench in Commissioner of Income-tax, Central 1, Chennai v. Chettinad Logistics (P.) Ltd. 9. Counsel for the appellant/revenue does not dispute the fact, that the special leave petition preferred against the said judgment was dismissed by Signed By:VIPIN KUMAR RAI Signing Date:31.05.2023 11:45:41 Signature Not Verified

In these circumstances, no substantial question of law arises for our consideration. 11. It is, however, brought to our notice by the counsel for the appellant/revenue that against other judgments, special leave petitions have been filed which are pending adjudication by the Supreme Court. This fact is placed on record. 12. The appeal is, accordingly, closed.