Itta/126/2014 Of Commissioner Of Income Tax-Ii v. Time Cap Pharma Labas Pvt Ltd

IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) PRESENT THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR INCOME TAX APPELLATE TRIBUNAL APPEAL NO.126 OF 2014 DATED:11.3.2014 Between: Commissioner of Income Tax-IIHyderabad … Appellant And M/s. Time Cap Pharma Labs Pvt. Ltd.Natco HouseRoad No.2Banjara HillsHyderabad … Respondent THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A. NO.126 OF 2014 JUDGMENT:(per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) This appeal is directed against the judgment and order of thelearned Tribunal, dt.18.9.2013. Having heard the learned counsel for the appellant and havinggone through the impugned judgment and order of the learnedTribunal, we find that the learned Tribunal has come to a fact findingthat purchase transaction has been established by identifying parties. We cannot reappreciate the fact. As the fact is established wehave checked up the law, which was correctly applied by the Tribunal.Hence, the appeal is dismissed. There will be no order as tocosts. ________________________ K.J. SENGUPTA, CJ _______________________ SANJAY KUMAR, J 11.3.2014 bnr