VODAFONE MOBILE SERVICES LTD. vs DEPUTY COMMISSIONER OF INCOME TAX

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: March 04, 2025 Judgment pronounced on: March 11, 2025 ITA 660/2018 VODAFONE MOBILE SERVICES LTD. .....Appellant Through: Mr. Sachit Jolly, Sr. Adv. with Ms. Soumya Singh, Ms. Disha Jham and Mr. Abhyudaya Shankar Bajpai, Advs. versus DEPUTY COMMISSIONER OF INCOME TAX .....Respondent Through: Mr. Indruj Singh Rai, SSC with Mr. Sanjeev Menon, Mr. Rahul Singh, JSCs with Mr. Anmol Jagg, Mr. Gaurav Kumar and Ms. Varsha Sharma, Advs. CORAM: HON'BLE MR. JUSTICE YASHWANT VARMA HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT YASHWANT VARMA, J. 1. The assessee as well as the Revenue seek to assail the correctness of the judgment dated 14 March 2018 rendered by the Income Tax Appellate Tribunal1 and in terms of which the two cross appeals of parties have come to be decided. We had in terms of our order of 23 January 2024 admitted these two appeals on the following questions of law: “ITA No. 660/2018 A. Whether on the facts and in the circumstances of the case and in law, the ITAT erred in upholding the disallowance of depreciation 1 Tribunal 2. Subsequently and when the appeals were taken up for review on 03 April 20