JINDAL POLY FILMS LTD vs ACIT CENTRAL CIRCLE-30 NEW DELHI

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 09.05.2025 ITA 106/2024 JINDAL POLY FILMS LTD .....Appellant Through: Mr Rohit Jain, Mr Aniket D Aggrawal and Mr Abhisek Singhvi, Advocates. versus ACIT CENTRAL CIRCLE-30 NEW DELHI .....Respondent Through: Mr Abhishek Maratha, SSC, Mr Apoorv Agarwal, Mr Parth Samwal, JSCs, Ms Nupur Sharma, Mr Gaurav Singh, Ms Muskaan Goel, Mr Bhanukaran Singh Jodha, Advocates CORAM: HON'BLE MR. JUSTICE VIBHU BAKHRU HON'BLE MR. JUSTICE TEJAS KARIA VIBHU BAKHRU, J. (ORAL) 1. The appellant [Assessee] has filed the present appeal under Section 260A of the Income Tax Act, 1961 [the Act], inter alia, impugning an order dated 25.08.2023 [impugned order] passed by the learned Income Tax Appellate Tribunal [ITAT] in ITA No.3990/Del/2016 in respect of Assessment Year [AY] 2006-07. 2. The Assessee had preferred the said appeal against the order dated 20.05.2016 passed by the Commissioner of Income Tax (Appeals), Delhi–30 [CIT(A)], which in turn was preferred by the Assessee against the 3. One of the grounds urged by the Assessee before the CIT(A) – which was not raised before the Assessing Officer [AO] – regarding the subsidy on account of the sales t