M/s Omaxe Limited vs Joint Commissioner of Income Tax, (OSD), Central Circle-29, New Delhi
Parties Involved
Facts Summary
The appeals were filed by M/s Omaxe Limited against the orders of the Ld. Commissioner of Income Tax (Appeals)-Delhi dated 24/03/2025 pertaining to A.Y 2012-13 and 2013-14. The main issues pertained to disallowance of deduction claimed under section 80IB(10) of the Act and interest free loan to its wholly owned subsidiary company M/s Rohtas Holding Gulf Limited.…
Decision in favour of
Revenue
Legal Issues
- 1. Disallowance of deduction claimed under section 80IB(10) of the Act
- 2. Interest free loan to wholly owned subsidiary company
Judgment Outcome
Decided in favour of Revenue.
Precedents Relied Upon
4 precedents cited in this judgement.
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