2025 (7) TMI 1061

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....on is disposed of. ITA 227/2025 3. The Revenue has filed the present appeal under Section 260A of the Income Tax Act, 1961 [the Act], inter alia, impugning an order dated 31.12.2024 [impugned order] passed by the learned Income Tax Appellate Tribunal [ITAT]. The impugned order is a common order passed by the ITAT in two appeals being ITA No.2747/Del/2024 and ITA No.2748/Del/2024 in respect of Assessment Year [AY] 2018-19 and AY 2019-20 captioned as Hindustan Power Projects Pvt. Ltd. v. Pr.CIT-4. 4. The present appeal is confined to the impugned order in so far as it relates to the Assessee's had appeal being ITA No. 2747/Del/2024 in respect of AY 2018-19. The Assessee preferred the said appeal against the order dated 31.03.2024 passed ....

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....nergy Development Company Limited : Neutral Citation : 2017:DHC: 4465-DB and Pr. Commissioner of Income Tax (Central)-2 v. M/s Era Infrastructure (India) Limited : Neutral Citation : 2022:DHC: 2690-DB has also accepted the view and those decisions were ignored. 8. The paragraph 5 of the impugned order which encapsulates the ITAT's decision in this regard is set out below: "5. Heard rival submissions, perused the orders of the authorities below. On perusal of the balance sheet of the assessee which is placed at pages 72 and the schedule of other income which is placed at page 91 of the Paper Book suggests that the assessee had not received any dividend/exempt income. We also observed that in course of assessment proceedings the Assessing ....