Itta/161/2004 Of The Commissioner Of Income Tax v. Shri Kanthi Brothers
High Court
23 Dec 2014 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/161/2004 Of The Commissioner Of Income Tax v. Shri Kanthi Brothers
Date of order
23 Dec 2014
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/161/2004 Of The Commissioner Of Income Tax v. Shri Kanthi Brothers, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, the appeal is dismissed as not pressed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
HON’BLE SRI JUSTICE L. NARASIMHA REDDY
AND
HON’BLE SRI JUSTICE CHALLA KODANDA RAM
I.T.T.A No. 161 OF 2004
23-12-2014
BETWEEN
The Commissioner of Income Tax, Vijayawada
…Appellant
And
Shri Kanthi Brothers, 40/323, Bellary Road, Kurnool
…..Respondent
HON’BLE SRI JUSTICE L. NARASIMHA REDDY
AND
HON’BLE SRI JUSTICE CHALLA KODANDA RAM
I.T.T.A No. 161 OF 2004
JUDGMENT:(per the Hon'ble Sri Justice L. Narasimha Reddy)
This appeal is preferred against the order, dated
18-10-2000, passed by the Hyderabad Bench ‘B’ of the Income Tax Appellate
Tribunal in ITA No.593/Hyd/95.
Learned Standing Counsel for the Revenue submits that the tax impact inthis appeal is less than the amount stipulated by the Central Board of DirectTaxes in its circular issued under Section 268A of the Income Tax Act, 1961.
Hence, the appeal is dismissed as not pressed. There shall be no orderas to costs.
___________________________L. NARASIMHA REDDY, J
23-12-2014ks
____________________________
CHALLA KODANDA RAM, J
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