Itta/12/2015 Of Commissioner Of Income Tax-Iv v. Leo Laminate (P) Ltd

THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.12 of 2015 DATED:20.03.2015 Between:The Commissioner of Income Tax – IV,Hyderabad. And … Appellant M/s. Leo Laminate Pvt. Ltd.,Hyderabad. ….Respondent THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA ANDTHE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.12 of 2015 Judgment:(per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) The appeal is sought to be preferred and admitted against thejudgment and order of the learned Tribunal dated 9.10.2009 in relationto the assessment year 2005-06. We have heard the learned counsel for the appellant and havegone through the impugned judgment and order of the learnedTribunal. We find on fact, the learned Tribunal found that a sum ofRs.11,25,200/- was incurred towards business expenditure. Theaforesaid amount was spent on account of sponsoring of anapprentice, who is the son of the Managing Director of the assessee-company for acquiring higher education and after completion of thesame, he will resume the work. This income was shown in the booksof accounts of the assessee and the books of accounts have beenaccepted by the Assessing Officer and all the authorities below. In view of the situation, we are unable to admit the appeal. There is no element of perversity as regards the factual finding. The appeal is accordingly dismissed. Pending Miscellaneous applications shall also stand closed. No order as to costs. __________________ K.J. SENGUPTA, CJ _________________ SANJAY KUMAR, J 20[th] March, 2015Pnb