Itta/151/2012 Of The Commissioner Of Income Tax-I v. B.a.continum Solutions Ltd
High Court
20 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/151/2012 Of The Commissioner Of Income Tax-I v. B.a.continum Solutions Ltd
Date of order
20 Dec 2024
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/151/2012 Of The Commissioner Of Income Tax-I v. B.a.continum Solutions Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN . THE HIGH AT HYDERABAD
FRIDAY, THE TWO THOUSAND
PRESENT
THE HONOURABLE ANDTHE HONOURABLE [J. ]
INCOME TAX [T] [A] [NO:][ 151 ][0F ][2012]
lncome Tax [Tribunal ][Appeal under ][Section 260 ] [of ][the ][Income Tax ][Act ]' [1961]against the order [made ][in ][l.T ][A.No ][630 ][& 631/Hyd/2011' ][Dated 30 ][06 ][2011 on ][the]fileofthelncomeTaxAppellateTribunal,Bench'B"Hyderabad'fortheAssessmentYear 2006-07 [& 2007-08 preferred against ][the ][order made ][in ][1,T.A.No.0051/ClT(A)-]ll/2010-llDated0T.03.20llonthefileoftheCommissioneroflncomeTax,(Appeals)-ll, Hyderabad [preferred ][against the Order made in ][PAN/GIR No AACCC]2310C'Dated0s.,l2.20,l0onthefileofDeputyCommissioneroflncomeTaxCircle-1(3), Hyderabad.
Between:
The Commissioner [of lncome ][Tax-1, ][Hyderabad]
...Appellant
AND
B.A.Continuum [Solutions ][Ltd., ][Rahela ][lT ][Park,Building ][No'5' ][Hyderabad]
...Respondent
Counsel for the [APPellant]: Mr. J.V. Prasad [Senior ][Standing ][Counsel ][for]lncome tax DePartmentCounsel for the Respondent [: ][Mr' ][Rohan ][Aloor ][Representing]Mr. Ch. PushYam [Kiran]
The Court delivered the [following:]
\
THE HON'B LE THE CHIEF JUSTICE ALOK ARADHE
AND
THE HONtBLE SRT JUSTICE J.SREENrVAS RAO
INCOME TAX TRIBUNAL APPEAL No.151 of 2Ol2
JUDGMENT: (per ttLe Hon'ble the Chief Justice Atok Aradhe)
Mr. J.V.Prasad, learned Senior Standing Counsel for Income TaxDepartment for the appellalt.
Mr. Rohan A1oor, learned counsel representing Mr. Ch.pushyamKiran, learned counsel for the respondent.
2.
Learned Senior Starrding Counsel for the appellant seeks
leave of this court to withdraw the appeal in the light of the circularNo.O9/2024, dated I 7.Og.2O24, with the liberty to revive the same incase the subject matter of the appeal falls in any of the exceptionsprovided in the Circular No.S/2024 dated. 15.O3.2024.
3.
3. Accordingly, the appea-t is dismissed as withdrau,n in termsof the liberty as pra5,ecl for.
Miscellaneous applications pending, if any, shall stand closed.However, there shall be no order as tosfsSd/- K. SRINIVASA RAOJOrNT IREGTSTRAR//TRUE COPY//Sd/- K. SRINIVASA RAOJOrNT IREGTSTRAR//TRUE COPY//
//TRUE COPY//
SECNON OFFICER
To,
1The lncome Tax Appellate Tribunal, Bench ['B', ]Hyderabad.2The Commissioner of lncome Tax, [(Appeals)-ll, ]Hyderabad2The Commissioner of lncome Tax, [(Appeals)-ll, ]Hyderabad
2
JThe Deputy Commissioner of lncome Tax Circle-1(3), Hyderabad.4One CC to [Vlr. J V Prasad Senior Standing Counsel for lncome taxDepartment [OF,UC]4One CC to [Vlr. J V Prasad Senior Standing Counsel for lncome taxDepartment [OF,UC]
HIGH COURT
DATED:2011212024
6 L.0 I JAil 2U5 '":ORDER\\{lTTA.No.151 ol 201i2] CHED[+]
APPEAL DISMISSEiD [AS WITHDRAWN.]
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