Itta/164/2013 Of The Commissioner Of Income Tax ( Central ) v. Aditya Music ( Ltd)

THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE Ms. JUSTICE G. ROHINI I.T.T.A. No.164 OF 2013 Date: 16.07.2013 Between: The Commissioner of Income Tax (Central),Hyderabad. ….Appellant And Aditya Music (India) Ltd., Hyderabad. …Respondent THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE Ms. JUSTICE G. ROHINI I.T.T.A. No. 164 of 2013 ORDER:(Per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) In terms of the earlier order, certified copy of the impugned order isfurnished and the same is kept on record. We have heard the learned counsel for the appellant and gonethrough the impugned judgment and order of the learned Tribunal. We find that the learned Tribunal while following its earlier decision, on fact, came to the conclusion that the price paid for purchase of audiotracks and copyright thereof is treated as revenue expenditure. In view of the aforesaid finding, which is based on accepted soundprinciple of law, we do not find any reason to interfere with the same. Accordingly, we dismiss the appeal, as we do not find any elementof law for rendering decision. _____________________ K.J. SENGUPTA, CJ Date: 16.07.2013KLP/ES ______________G. ROHINI, J