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Itta/140/2012 Of The Commissioner Of Income Tax-Iv v. Nagarjuna Aqua Exports Ltd

High Court 20 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/140/2012 Of The Commissioner Of Income Tax-Iv v. Nagarjuna Aqua Exports Ltd
Date of order
20 Dec 2024
Assessment year(s)
2002-03
Outcome
Dismissed

Case summary

In Itta/140/2012 Of The Commissioner Of Income Tax-Iv v. Nagarjuna Aqua Exports Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed as withdrawn in terms of the liberty as prayed for.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

HIGH COURT AT HYDERABAD FRIDAY,THE TWENTIETH DAY TWO THOUSAND AND TWENTY PRESENT THE HONOURABLE THE CHIEF JUSTICE ALOK ARADHEANDTHE HONOURABLE SRI JUSTICE J SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL NO: 140 OF 2012 (lncome Tax Tribunal Appeal under Section 260 A of the lncome Tax Act., 1961against the order made in l.T.A.No.990/H/06, [Dated 27.06.2008 ][on the file of ][the]lncome Tax Appellate Tribunal, Hyderabad Bench ['B', ][Hyderabad, ][for ][the]Assessment Year 2002-03 [preferred ]against the order made in [l.T.A.No.319 ][to]322tAClT-16(1)/ClT(A)-Vl2005-06 Dated [21,08.2006 ][on ][the file of ][ttre ][Commissioner]of lncome Tax, (Appeals)-V, Hyderabad [preferred against ][the ][Order made ][in]PAN/GIR No , Dated 22.02.2006 on the [file ][of ][Assistant]Commissioner of lncome Tax Circle-16(1), Hyderabad.)against the order made in l.T.A.No.990/H/06, [Dated 27.06.2008 ][on the file of ][the]lncome Tax Appellate Tribunal, Hyderabad Bench ['B', ][Hyderabad, ][for ][the]Assessment Year 2002-03 [preferred ]against the order made in [l.T.A.No.319 ][to]322tAClT-16(1)/ClT(A)-Vl2005-06 Dated [21,08.2006 ][on ][the file of ][ttre ][Commissioner]of lncome Tax, (Appeals)-V, Hyderabad [preferred against ][the ][Order made ][in]PAN/GIR No , Dated 22.02.2006 on the [file ][of ][Assistant]Commissioner of lncome Tax Circle-16(1), Hyderabad.) Between:The Commissioner of lncome Tax-lV, Hyderabad ...APPELLANT AND Nagarjuna Aqua Exports Ltd., 6, Nagarjuna [Hills, Punjagutta, ][,rO"r::6ES"%NDENT] Counsel for the Appbllant : SRl. J.V.PRASAD [(SC ] [INCOME TAX)]Counsel for the Respondent : -- The Court made the following: JUDGMENT THE HoN'BLE THE CHIEF.IUSTICE ALOK ARADHE AND THE HON'BLE SRI JUSTICE J.SREENTVAS RAO INCOME TAX TRTBUNAL APPEAL No. 14O of 2Ol2 JUDGMENT: (per the Hon,bl,e the Chief Justice AIok Aradhe) Mr. J.v.prasad, learned senior standing counser for Income TaxDepartment for the appellant. 2. Learnerj Senior Standing Counsel for the appellant seeks leave of this Court to withdraw the appeal in the light of the CircularNo'o9/2024, datect No'o9/2024, datect 17.09.2024, with the liberry to rerrive the same incase the subject matter of the appeal falls in any of the exceptionsprovided in the Circular No.S/2024 dated I5.O3.2O24. 3. Accordingly, the appeal is dismissed as withdrawn in terms of the liberty as prayed for. Miscellaneous applications pending, if any, shall stand closed. However, there shall be no order as to costs. IKAUNA VARMA JOINT REGISTRAR( \,- //TRUE COPYII ,..,J SECTloN OFFICER To, l. The hcome Tax Appellate Tribunal, Hyderabad Bench ,8,, 2. The Commissioner of lncome Tax, (Ajpeals)_V, iiOeraOaOHyderabad2. The Commissioner of lncome Tax, (Ajpeals)_V, iiOeraOaOHyderabad 3. The Assistant commissioner or tncomJi"- 'cr"r'.liotr 4. One CC One CC CC l, Hyderabad.4. One CC One CC CC l, Hyderabad. 4. One CC One CC CC to Sri J.V.prasad, S.C for tncome i* 5. Two Two CD <-OpUCl5. Two Two CD <-OpUCl 5. Two Two CD Copies Ksighw / l I HIGH COURT DATED:20 t1Z\ZOZ4 JUDGMENTl.T.T.A.No.140 ot 2O1Z Dismissing the Appeal asWithdrawn. Without costs. nt@ *G' ,1;1r [uf]t[Or]^4so,,(,B 0 ;ru :nzs![\]!!P4 [r'r;ur ^]tp
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