# PR. COMMISSIONER OF INCOME TAX, DELHI-7 vs THIRD GENERATION TRADERS PVT. LTD.

Court: Delhi High Court
Date: 2025-05-23
Citation: ITA-137/2025 2025:DHC:4289-DB
Petitioner: PR. COMMISSIONER OF INCOME TAX, DELHI-7
Respondent: THIRD GENERATION TRADERS PVT. LTD.

[Official PDF on Delhi High Court website](https://delhihighcourt.nic.in/app/showFileJudgment/68723052025ITA1372025_161702.pdf)

## Judgment text (excerpt)

$~17 to 22 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 23.05.2025 (17) ITA 137/2025 & CM APPL. 28221/2025 PR. COMMISSIONER OF INCOME TAX, DELHI-7 .....Appellant Through: Mr. Puneet Rai, Sr. Standing Counsel with Mr. Ashvini Kumar, Mr. Rishabh Nangia, Mr. Gibran, Jr.SCs & Mr. Nikhil Jain, Ms. Srishti Sharma, Advocates for Income Tax Deptt. versus THIRD GENERATION TRADERS PVT. LTD. .....Respondent Through: None. (18) ITA 138/2025 & CM APPL. 28223/2025 PR. COMMISSIONER OF INCOME TAX, DELHI-7 .....Appellant Through: Mr. Puneet Rai, Sr. Standing Counsel with Mr. Ashvini Kumar, Mr. Rishabh Nangia, Mr. Gibran, Jr.SCs & Mr. Nikhil Jain, Ms. Srishti Sharma, Advocates for Income Tax Deptt. versus THIRD GENERATION TRADERS PVT. LTD. .....Respondent Through: None. (19) ITA 139/2025 & CM APPL. 28225/2025 PR. COMMISSIONER OF INCOME TAX, DELHI-7 .....Appellant Through: Mr. Puneet Rai, Sr. Standing Counsel with Mr. Ashvini Kumar, Mr. Rishabh Nangia, Mr. Gibran, Jr.SCs & Mr. Nikhil Jain, Ms. Srishti 7 .....Appellant Through: Mr. Puneet Rai, Sr. Standing Counsel with Mr. Ashvini Kumar, Mr. Rishabh Nangia, Mr. Gibran, Jr.SCs & Mr. Nikhil Jain, Ms. Srishti Sharma, Advocates for Income T

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