Itta/135/2008 Of M/S.ushodaya Enterprises Ltd v. The Asst.commissioner Of Income Tax

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD THURSDAY, THE SECOND DAY OF JANUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE THE CHIEF JUSTICE ALOK ARADHEANDTHE HONOURABLE SRI JUSTICE J SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL NO: ['135 ]OF 2008 lncome Tax Tribunal Appeal under Section 260 A of the lncome Tax Act,1961 against the Order made in |.T.A.No.496/HYD/04, dated n-02-2OO7 on the fileof the lncome Tax Appellate Tribunal, Hyderabad Bench ['B', ]Hyderabad, br theAssessment Year 2000-0'1, preferred against the Order made in l.T.A.No.048/AC-3(4yClT(A)-lVl03-04 dated 03-03-2004 on the file of the Commissioner of lncomeTax, (Appeals)-lV, Hyderabad preferred against the Order made in PAN/GIRNo. I U-22, dated 13-03-2003 on the file of Assistant Commissioner oflncome Tax, Circle - 3(4), Hyderabad. Between:M/s. Ushodaya Enterprises Ltd, 6-3-570, Eenadu Compound, Somajiguda,Hydderabad - 500082Rep. by its Managing Drrector ...Appe!!ant AND The Asst. Commissioner of lncome Tax, Circle-3 [4], Hyderabad ...Respondent Counsel for the AppellantMr Deepak ChowdaryRep. M/s CKR AssociatesCounsel for the Respondent : Mr J V PrasadSenior Standing Counsel for lncome Tax Departrnent The Court delivered the following Judgment [:] THE HON'BLE THE CHIEF JUSTICE ALOK ARADHEAND THE HON'BLE SRI WSTICE J.SR.EENTVAS RAO INCOME TA)( TRIBUNAL APPEAL No.135 of 2OO8 JUDGMENT: (Per tlrc Hon ble the Chief Justice Alok Aradhe) Mr. Deepak Chowdary, learned counsel representingM/s. CKR Associates for the appellant. Mr. J.V.Prasad, Iearned Senior Standing Counsel forIncome Tax Department for the respondent. 2. This appeal under Sectio n 260A of the lncome Tax Act, 196t has been frled against the order dated 2g.O2.2OOTpassed by Income Tax Appellate Tribunal, Hyderabad Bench'B' in I.T.A.No.496/Hyd/2OO4. The subject marter of theappeal pertains to assessment year 2000_0 l. 3. Learned counsel for the parties jointly submit thatthe question of law involved in this appeal has been alsweredb,y this Court by an order dated I g. 12 .2024 passed inI.T.T.A.No. 1 36 of 2008. ,, 4. In view of aforesaid joint submissions and for thereasons assigned in the said order dated 18.12.2024 passedin I.T.T.A.No.136 of 2008, the substantial question of law isalswered in tJ,e negative and against the assessee. - 5. In the result, the appeal fails and is herebytdismissed.Miscellaneous applications, if any pending, shall starrdclosed. fhere shall be no order as to costs. A.V.S.S.C.S.M.SARMAJorNrFGISTRARI('\SECTION OFFICER /ITRUE COPY/' To, 1. The lncome Tax Appellate Tribunal, Hyderabad Bench ['B', Hyderabad] 2. The Commissioner of Incorne Tax, [(Appeals)-lV, ]Hyderabad 3. The Assistant Commissioner of lncome [Tax, ]Circle - [3(4), Hyderabad] 4. One CC to Mr J V Prasad, Senior Standing [Counsel for lncome ][Tax]. Department . Department 5. One CC to M/s CKR Associates, Advocate 6. Two CD Copies VA/gh Kt, I IIII II HIGH COURT DATED:0210112025 JUDGMENTlTTA.No.135 of [2008] DISMISSING a.dd9:s, r4E S fAr€(t,oJfitlzffic72qf,+*a l)SS"n