Delhi HC dismisses Revenue's appeal on exempt income for GVK Project, no costs awarded

The Delhi HC dismissed the Revenue's appeal in ITA No. 646/2018 for the Assessment Year 2013-14 involving GVK Project and Technical Services Limited. The Revenue acknowledged no exempt income earned by the assessee for that year. No substantial question of law arose, resulting in the appeal's dismissal with no costs ordered.

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The Delhi High Court dismissed the Revenue's appeal for the Assessment Year 2013-14 in ITA No. 646/2018, involving GVK Project and Technical Services Limited. The Revenue accepted that the assessee did not earn any exempt income for that year. Consequently, no substantial question of law arose, leading to the dismissal of the appeal with no order as to costs.

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