Case LawHigh Court › Itta/171/2012 Of The Commissioner Of Inc...

Itta/171/2012 Of The Commissioner Of Income Tax Iv v. M/S. Pact Securities And Financial Services Ltd

High Court 20 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/171/2012 Of The Commissioner Of Income Tax Iv v. M/S. Pact Securities And Financial Services Ltd
Date of order
20 Dec 2024
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/171/2012 Of The Commissioner Of Income Tax Iv v. M/S. Pact Securities And Financial Services Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Y. [Ratnakar, Advocate [OpUC]oTwo CD CopiesDL/h HlGH COURT DATED:20/1212A24 JUDGMENT lTTA.No.171 of 2012 APPEAL IS DISMISSED AS WITHDRAWN I)-i-=::+-t\E [:. ] )'r [-,rS..]'a\l: (o)i(..f- !io).- :tOt} [g ][Jr\Il ][2025],l\..l,*\-{ .,f l o,rtC,$\-

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 TWENTIETH TWO THOUSAND PRESENT THE HONOURABLE [JU.STICE ] ANDTHE HONOURABLE 171 0F 2012 INCOME TAX TRI Appeal filed under [Section ][260-4 ][of the ][lncome ][Tax ][Act' ]['1961 ][against ][the]Orderdated16.ll.2OOTpassedinlT.ANoT26tHlOTforAssessmentyear2003-04on the file of the [lncome ][Tax ][Appellate ][Tribunal, ][Hyderabad Bench ]['B" ][Hyderabad]preferred against the Order [dated ][24'02 ][2OOO ][passed ][in ] [No ][2BT ][lDC-]16(3)/clT(A)-V/2005.06onthefileoftheCommissioneroflncomeTax(Appeals)-V, Hyderabad for [Assessment ][Year ][2003-04, ][preferred against ][the ][Assessment]order dated [28.12.2005 passed ][in ][PAN/GIR No. /P-209 ][on the file of]the Deputy Commissioner [of lncome Tax, Central ][Circle ][- ][16(3)' Hyderabad']Between: The Commissioner [of lncome ][Tax ][lV, Hyderabad'] ...APPellant AND M/s.PactSecuritiesandFinancialservicesLld.,6.3-2521216,PrathmaHouse'Erramanzil, HYderabad. ...ResPondent Counsel for the.Appellant [: Mr. ][J.V' ][Prasad Senior ][Standing ][Counsel ][for]lncome Tax DePartment Counsel for the [Respondent ][: ][Mr' ][K' ][V' ][Ramana Rao ][Representing]Mr. Y. Ratnakar The Court made [the ][following:] ' i:,a:]..! ts THE HON'BLE THE CHIEF JUSTICE ALOK ARADHE AND THE HON'BLE SRI JUSTICE J.SREENIVAS RAO INCOME TA>( TRIBUNAL APPEAI No.l7l of2OL2 JUDGMENT: (Per the .LIon'ble the Chief Justice Atok Aradhe) Mr. J.V.Prasad, learned Senior Standing Counsel for Income TaxDepartment for the appellant. Mr. K.V.Rama Rao, learned counsel representing Mr. Y.Ratnakar, learned counsel for the respondent. 2. 2. Learned flenior Standing Counsel for the appellant seeksleave of this Court to rvithdraw the appeal in the light of the CircularNo.O9 12024, dated 77 .O9.2O24, with the liberty to revive the same incase the subject matter of the appeal fa1ls in any of the exceptionsprovided in the Circular No.5l2024 dated 15.03.2024. 3. Accordingly, the appeal is dismissed as withdrawn in termsof the liberty as prayed for. Miscellaneous appiications pending, if any, shal1 stald closed.However, there shall oe no order as to costs.However, there shall oe no order as to costs. Sd/. K. SRINIVASA RAOJOINTEGISTRARt-)SEC6dru oprrceR ,TRUE COPY// To,Ihu [lncome ][Tax ][Appellate ][Tribunal, ][Hyderabad ][Bench ][,8,,]Hyderabad.2The Commissioner of lncome Tax (Appeals) - V, Hyderabad.aThe Deputy Conrmissioner of lncome Tax, Centril Circle - 16(3),Hyderabad.4One CC to Mr. J.\/. Prasad Senior Standing Counsel for lncome TaxDepartment [OpUC]One CC to [Vlr. Y. [Ratnakar, Advocate [OpUC]oTwo CD CopiesDL/h HlGH COURT DATED:20/1212A24 JUDGMENT lTTA.No.171 of 2012 APPEAL IS DISMISSED AS WITHDRAWN I)-i-=::+-t\E [:. ] )'r [-,rS..]'a\l: (o)i(..f- !io).- :tOt} [g ][Jr\Il ][2025],l\..l,*\-{ .,f l o,rtC,$\-
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