https://www.taxtmi.com/caselaws?id=183266 The High Court of Delhi addressed the interpretation of Section 153 C of the Income Tax Act, 1961 in a series of appeals for Assessment Years 2005-06 to 2008-09. Relying on the Pepsico India Holdings (P) Ltd. v. ACIT judgment, the Court found no error in the ITAT's decision, emphasizing the importance of the interpretation of the term "belongs to" in Section 153 C as established in Pepsico. Consequently, the appeals were dismissed. en-us Mon, 20 Jul 2015 00:00:00 +0530 Fri, 03 Jun 2016 11:50:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183266 The High Court of Delhi addressed the interpretation of Section 153 C of the Income Tax Act, 1961 in a series of appeals for Assessment Years 2005-06 to 2008-09. Relying on the Pepsico India Holdings (P) Ltd. v. ACIT judgment, the Court found no error in the ITAT's decision, emphasizing the importance of the interpretation of the term "belongs to" in Section 153 C as established in Pepsico. Consequently, the appeals were dismissed. Case-Laws Income Tax Mon, 20 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183266