Itta/17/2002 Of M/S.ap State Financial Corp. Hyd v. Dy Commr Of Income Tax (Assts) Hyd

THE HON'BLE SRI JUSTICE L. NARASIMHA REDDYANDTHE HON'BLE SRI JUSTICE T. SUNIL CHOWDARY I.T.T.A.No.17 of 2002 JUDGMENT:(Per Justice L.Narasimha Reddy) In this appeal, filed under Section 260-A of the Income Tax Act,1961, the appellant has challenged the common order, dated 03.10.2001,passed by the Hyderabad Bench of the Income Tax Appellate Tribunal inITA No.1978/Hyd/92 and 1245/Hyd/95. The question involved is, as to whether the appellant is entitled toclaim reduction of the guarantee commission paid by it to theGovernment of Andhra Pradesh. The same question fell for considerationbefore this Court in ITTA No.9 of 2002, which in turn was filed by theappellant itself. Through order, dated 22.07.2014, passed in ITTA No.9of 2002, this Court allowed the appeal and held that the appellant isentitled to reduction of the guarantee commission paid by it to theGovernment of Andhra Pradesh from its income. Following the same, we allow this appeal also. There shall be noorder as to costs. As a sequel, miscellaneous applications if any pendingin this appeal shall stand closed. ___________________________ L. NARASIMHA REDDY, J Date: 12.08.2014.Kvsn/Ys _________________________ T. SUNIL CHOWDARY, J