In Agricultural Market Committee,Ungutur v. Agriculturalmarket Committee[[1, the High Court (2012) dismissed the appeal.
Decision: In view of the submission and in the light of the judgment of thisCourt referred to above, the appeal is dismissed and the order of theIncome Tax Appellate Tribunal, Visakhapatnam Bench, in ITA No.251/Vizag/2007 is confirmed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HONOURABLE SRI JUSTICE GODA RAGHURAMAND
THE HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAO
ITTA No. 532 of 2012
Dated: 06-12-2012
Between:
Commissioner of Income TaxRajahmundry
And
Agricultural Market Committee,Ungutur
…Appellant
…Respondent.
Judgment:(Per Hon’ble Sri Justice Goda Raghuram)
It is fairly stated by Sri S.R.Ashok, learned Senior Counselappearing for the appellant-Revenue in this appeal that this appealrequires to be rejected in the light of the decision of a learned DivisionBench of this Court in Commissioner of Income-Tax v. AgriculturalMarket Committee[[1]].
In view of the submission and in the light of the judgment of thisCourt referred to above, the appeal is dismissed and the order of theIncome Tax Appellate Tribunal, Visakhapatnam Bench, in ITA No.251/Vizag/2007 is confirmed. No costs.
6[th] December, 2012
_________________________
GODA RAGHURAM, J
GRR
_______________________________
M.S.RAMACHANDRA RAO, J
[1](2011) 336 ITR 641 (DB)
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