Itta/159/2004 Of The Commissioner Of Incometax v. Sri L. Narasa Reddy

HON’BLE SRI JUSTICE DILIP B. BHOSALEAND HON’BLE SRI JUSTICE A. RAMALINGESWARA RAO ITTA No. 159 OF 2004 JUDGMENT:(per the Hon'ble Sri Justice Dilip B. Bhosale) This appeal under Section 260A of the Income Tax Act, 1961 isdirected against the order dated 22-02-1999 passed by the IncomeTax Appellate Tribunal, Hyderabad Bench ‘B’ in ITA Nos.1033 and1182/H/9502, dated 25-06-2004 for the assessment year 1983-84. Learned counsel appearing for the Revenue, at the outset,invited our attention to the order of this Court dated 21-08-2014 passedin ITTA No. 4 of 2003 and submitted that the substantial questions oflaw raised in this appeal are squarely covered by the said order andthe appeal may be disposed of in terms thereof answering thequestions in favour of the assessee and against the Revenue. In the circumstances, the instant appeal is dismissed answeringthe substantial questions of law in favour of the assesse and againstthe Revenue. Miscellaneous petitions, if any, also stand disposed of. Noorder as to costs. ______________________ DILIP B. BHOSALE, J _______________________________ A. RAMALINGESWARA RAO, J