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Itta/153/2012 Of The Commissioner Of Income Tax-Iv v. M/S. Natco Pharma Limited

High Court 20 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/153/2012 Of The Commissioner Of Income Tax-Iv v. M/S. Natco Pharma Limited
Date of order
20 Dec 2024
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/153/2012 Of The Commissioner Of Income Tax-Iv v. M/S. Natco Pharma Limited, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed as withdrawn in termsof the liberty as prayed for.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 FOR THE STATE OF TELANGANAAT HYDERABAD FRIDAY ,THE TWENTIETH DAY OF DECEMBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE THE CHIEF JUSTICE ALOK ARADHEANDTHE HONOURABLE SRI JUSTICE J SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL NO: 153OF 2012 (lncome Tax Tribunal Appeal under Section 260 A of the lncome Tax Act.,1961 against the order made in l.TANo.1219lHyd/2006, Dated 18.03.2008 on thefile of the lncome Tax Appellate Tribunal, Bench 'B', Hyderabad, for the AssessmentYear 2000-01 preferred against the order made in l.T.A,No.090/AC-16(lyClT(A)-V 12006-07 Dated 25.09.2006 on the file of the Commissioner of lncome Tax,(Appeals)-V, Hyderabad preferred against the brder made in PAN/GlRNo. /N-376, Dated 27.O3.2006 on the file of Assistant Commissioner oflncome Tax Circle-'l 6( 1 ), Hyderabad.) Between: The Commissioner of lncome Tax-|V,, Hyderabad ...APPELLANT AND M/s. Natco Pharma Limited,, Natco House, Road No. 2, Banjara Hills, Hyderabad ...RESPONDENT Counsel for the Appellant : SRl. J.V.PRASAD(sc FoR rNcoME TAX)(sc FoR rNcoME TAX) --Counsel for the Respondents : The Court made the following: Judgment THE HON'BLE THE CHIEF JUSTICE ALOK ARADHE AIID THE HON'BLE SRI JUSTICE J.SREENTVAS RAO INCOME TA)( TRIBUNAL APPEAL No. 153 of 2012 JUDGMENT: (Per tlrc Hon'ble the Chief Justice Alok Aradhe) Mr. J.V.Prasad, learned Senior Standing Counsel for Income TaxDepartment for the appellant. 2. Learnecl Senior Standing Counsel for the appellant seeks leave of this court to withdraw the appeal in the light of the circularNo.O9/2024, dated 17.O9.2024, with the liberty to revive tl-re same incase the subject matter of the appeal falls in any of the exceptionsprovided in the Circula:- No.S/2024 dated 15.03.2024. 3. 3. Accordingly, the appeal is dismissed as withdrawn in termsof the liberty as prayed for. Miscellaleous applications pending, if any, shall stand closed. However, there shall be no order as to costs. Sd/- K. SRINIVASA JorNr.qEG_lsrRAR / //TRUE COPY// SEC{ION OFFICER To, 1. The Registrar, [lncome ][Tax ][Appellate Tribunal' Eench ]['8" ][Hyderabad'] z. The Coirmissioner [of lncome Tax, (Appeals)-V' Hyderabad] ;.fnenssistantCommissioneroflncomeTaxCircle-16(1)'Hyderabad 4. One CC to [Sri J.V.Prasad, ][S.C ][for lncome Tax ][(OPUC)] 5. Two CD CoPies Ks/ghw HIGH COURT DATED:2011212024 JUDGMENTITTA.No.153 of 2012 DISMISSING THE APPEAL ASWTHDRAWN. WITHOUT COSTS. orefqD'Kft t'!i.1r{E Sf4'('I(O B JA|ll 2OZ5L,)a1*f I\1'rt cuf
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