2017 (12) TMI 475

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.... Advocates. Respondent Through:  Mr. Ruchir Bhatia, Senior standing counsel. JUDGMENT Dr. S. Muralidhar, J.: 1. These four writ petitions are by Sunbeam Auto Private Limited seeking inter alia the quashing of an order dated 30th March 2015 passed by the Principal Commissioner of Income Tax-8 (Pr CIT) under Section 264 of the Income Tax Act, 1961 ('Act'), dismissing the Petitioner's appli....

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....s a capital receipt. 4. Against the aforementioned order, the Revenue came in appeal before this Court by filing ITA No.193/2015, which was dismissed by this Court by way of its order dated 13th March 2015. This Court referred to the decision of the Supreme Court in CIT v. Ponni Sugars and Chemicals Limited [2008] 306 ITR 392 (SC) and this Court's decision in CIT v. Bougainvillea Multiplex Entert....