Agricultural Market Committee,Bapatla v. Agriculture Marketcommittee[[1

THE HONOURABLE SRI JUSTICE GODA RAGHURAMAND THE HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAO ITTA No. 467 of 2012 Dated: 06-12-2012 Between: The Commissioner of Income TaxGuntur And Agricultural Market Committee,Bapatla. …Appellant …Respondent. Judgment:(Per Hon’ble Sri Justice Goda Raghuram) It is represented by Sri S.R.Ashok, learned Senior Counselappearing for the appellant-Revenue in this appeal preferred underSection 260-A of the Income Tax Act, 1961 that this appeal requires tobe allowed in terms of the judgment of a learned Division Bench of thisCourt in Commissioner of Income-Tax v. Agriculture MarketCommittee[[1]]. Smt K.Lalitha, learned Standing Counsel for the AgriculturalMarket Committee fairly concedes the legal position that this appealrequires to be allowed. In view of the submission above, the appeal is allowed. Theorder dated 28-11-2008 of the Income Tax Appellate Tribunal,Visakhapatnam Bench in ITA No. 87/Vizag/2007 is set aside and theorder of the Commissioner (Appeals) confirming the order ofAssessment dated 22-1-2007 is confirmed. No costs. 6[th] December, 2012 _________________________ GODA RAGHURAM, J GRR _______________________________ M.S.RAMACHANDRA RAO, J [1](2011) 337 ITR 299 (AP)