Income-Tax v. A.p. State Co-Operative Bank Ltd[[1
High Court
13 Dec 2012 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Income-Tax v. A.p. State Co-Operative Bank Ltd[[1
Date of order
13 Dec 2012
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Income-Tax v. A.p. State Co-Operative Bank Ltd[[1, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly and in the light of the submission and following thejudgment of this Court supra, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
THE HONOURABLE SRI JUSTICE GODA RAGHURAMAND
THE HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAO
ITTA No. 564 of 2012
Dated: 13-12-2012
Between:
Commissioner of Incometax-IIHyderabad
And
M/s The Andhra Pradesh State Co-op. Bank Ltd.,Hyderabad
…Appellant
…Respondent.
THE HONOURABLE SRI JUSTICE GODA RAGHURAMANDTHE HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAO
ITTA No. 564 of 2012
Judgment:(Per Hon’ble Sri Justice Goda Raghuram)
It is fairly conceded by Sri S.R.Ashok, learned Senior StandingCounsel for Income Tax appearing for the appellant (in this appealpreferred by the Commissioner of Income Tax-II, Hyderabad underSection 260-A of the Income Tax Act, 1961) that this appeal requires tobe rejected in view of the decision of this Court in Commissioner of
Income-Tax v. A.P. State Co-operative Bank Ltd[[1]].
Accordingly and in the light of the submission and following thejudgment of this Court supra, the appeal is dismissed. Consequentlythe order of the Income Tax Appellate Tribunal, Hyderabad ‘B’ Benchdated 20-6-2008 in ITA No. 571/H/07 is confirmed. No costs.
_________________________
GODA RAGHURAM, J
13[th] December, 2012
GRR
_______________________________
M.S.RAMACHANDRA RAO, J
[1](2011) 336 ITR 516 (AP)
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