In Itta/205/2003 Of Commissioner Of Income Tax v. Gootam, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: Therefore, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HON’BLE SRI JUSTICE L. NARASIMHA REDDYAND
HON’BLE SRI JUSTICE CHALLA KODANDA RAM
I.T.T.A No. 205 OF 2003
17-09-2014
BETWEEN
Commissioner of Income Tax, Rajahmundry
…Appellant
And
Jashua Gootam
…..Respondent
HON’BLE SRI JUSTICE L. NARASIMHA REDDYANDHON’BLE SRI JUSTICE CHALLA KODANDA RAM
I.T.T.A No. 205 OF 2003
JUDGMENT:(per the Hon'ble Sri Justice L. Narasimha Reddy)
This appeal is preferred against the order, dated
11-04-2002, passed by the Visakhapatnam Bench of the IncomeTax Appellate Tribunal in ITA No.995/Hyd/1995.
Learned Senior Counsel for the appellant in all fairnessstated that the tax impact in this appeal is less than the limitstipulated under Section 268A of the Income Tax Act, 1b961.
Therefore, the appeal is dismissed. There shall be no order
as to costs.
17-09-2014ks
___________________________L. NARASIMHA REDDY, J
____________________________CHALLA KODANDA RAM, J
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