PR. COMMISSIONER OFLNCOME TAX -21 vs M/S.REMFRY&SAGAR

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 16 October 2024 Judgment pronounced on 31 January, 2025 ITA 199/2017 PR. COMMISSIONER OF INCOME TAX -21 .....Appellant Through: Mr. Indruj Singh Rai, SSC with Mr. Sanjeev Menon, Mr. Rahul Singh, Mr. Anmol Jagga, JSCs versus M/S.REMFRY & SAGAR .....Respondent Through: Mr. Ajay Vohra, Sr. Adv. with Mr. Aditya Vohra and Mr. Shashwat Dhamija, Advs. ITA 449/2022 PRINCIPAL COMMISSIONER OF INCOME TAX, DELHI-12 .....Appellant Through: Mr. Abhishek Maratha, Adv Senior Standing Counsel Ms. Nupur Sharma, Mr. Parth Semwal, Jr. St. Counsel, Mr. Apoorv Agarwal, Jr. St. Counsel, Mr. Gaurav Singh, Mr. Bhanukaran Singh, Ms. Muskan Goel, Ms. Parithi Kohli, Mr. Himanshu Gaur, Advs versus M/S REMFRY AND SAGAR .....Respondent Through: Mr. Ajay Vohra, Sr. Adv. with Mr. Aditya Vohra and Mr. Shashwat Dhamija, Advs. CORAM: HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE RAVINDER DUDEJA JUDGMENT YASHWANT VARMA, J. 1. These two appeals have been instituted by the Principal 2. The appeals had come to be admitted on the following three primary questions as is evident from the order dated 07 March 2017 passed in ITA 199/2017 and which is r