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Itta/21/2024 Of Principal Commissioner Of Income Tax-4 v. Ncc Infrastructure Holdings Limited

High Court 31 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/21/2024 Of Principal Commissioner Of Income Tax-4 v. Ncc Infrastructure Holdings Limited
Date of order
31 Dec 2024
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/21/2024 Of Principal Commissioner Of Income Tax-4 v. Ncc Infrastructure Holdings Limited, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

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 COURT FOR THE STATE OF TELANGANA AT HYDERABAD ruESDAy, rHEJILry FTRST DAy oF DECETTBERTWO THOUSAND AND rWENrV F"OUN PRESENT THE HONOURABLE THE C+IIEF JUSTICE ALOK ARADHETHE HoNouRAeLe sRt.JriSlcE J sREENlvAs RAo INCOM E TAX TRIBUNAL APPEAL NO:21 OF 2024 lncome Tax Tribunal Appeal under Section 260 A of the lncome Tax Act,196'r against the order made in r.T.A.No..44lH ydr2o23, dated 12-o6_2023 0n the fireof the lncome Tax 196'r against the order made in r.T.A.No..44lH ydr2o23, dated 12-o6_2023 0n the fireof the lncome Tax Appellate Tribunal, Hyderabad ,B, Bench, Hyderabad for theBench, Hyderabad for theAssessment Year 2017-18, preferred against the order made by the commissionerof lncome Tax (Appers) Nationar Faceress made by the commissionerof lncome Tax (Appers) Nationar Faceress Appear centre (NFAC) NewDerhi,preferred against order made in No.rrBA/AST/s t143(3)t2o1g-20r1021300525(1)dared 29-11-20 r g preferred against order made in No.rrBA/AST/s t143(3)t2o1g-20r1021300525(1)dared 29-11-20 r g on the fire of the Assistant commissioner .r6of Income Tax, circre (1), Hyderabad.(1), Hyderabad. Between: Principal Commissioner of lncome Tax_4, Hyderabad ...Appellant AND ilrt8 Jl[.-*:,;:ffi [jl"Jitg"#m ][ited, ][eth ][Froor, ] [cc ] [ouse, ]Madhap ur, ...Respondent Counset for the Appellant Ms B Sapna Reddy. Jr. SCRep. Mr. JV prasadSr. SC for lncome Tax DepartmentRep. Mr. JV prasadSr. SC for lncome Tax Department Counsel for the Respondent : _ _ _Respondent : _ _ _ The Court delivered the foltowing Judgment : I \ THE HON' [ CHIEF ] [TICE AI.OK ARADHE] ANDTHE HON,BLE [ JUSTICE ][J][.SRIENTV] INCOME [ APPEAL][ No][.2L of ][2024] JUDGMENT:(Pe. the llon'ble the [Chlef ][Justbe ][Alok ][Arudhe)] Ms. B.Sapna [Reddy, learned ][Junior ][Standing]Counsel rep.resenting [Mr' ][J'V'Prasad, ][learned ][Senior]Standing Co,rnsei [for ][Income ][Tax ][Department ][for ][the]appellant. 2. Learnecl Junior [Standing Counsel ][for the ][appellant]seeks leave [of ][this ][Court ][to ][withdraw ][the ][appeal ][in ][the ][light]of the Circular [No.09/2024, ][d'ated ][17'O9'2O24, ][with ][the]liberty to revive [the ][same ][in ][case ][the ][subject ][rnatter ][of the]appeal fa1ls in [any ][of ][the ][exceptions ][provided ][in ][the]Circular No.ii I [2024 ][dated ][15.03'2024'] aAccordrngly, the [appeal ][is ][dismissed ][as ][withdrawn ][rn]terms of the [libertY ][as ]PraYed [for]terms of the [libertY ][as ]PraYed [for] 0 I Miscellaneous applications pending, jf any, shall stand closed. However, there sha_ll sha_ll _be [no order ]as to costs.Sd/- c.V. MALLIGRJUNe iennro//TRUE coPY// JOINT REctsrRAh_ SECN OFFICER To, 1The Income Tax Appellate Tribunal, Hyderabad ,B, Bench, Hyderabad2I3i,,t""il,?f3f l,ilJ :?,ii' " [r* ][(Ap ][pe ][r ][s ]) [ati ][o ]n a r F a ce res s Ap pea r3. The Assistant Commissioner of lncome Tax, Circle 16 (1), Hyderabad4. One CC to Mr J V prasad, Senior quqv' \'EIrrul SC ou fror lncomee Tax Department 5- Two cD [oPUC]copies Bench, Hyderabad2I3i,,t""il,?f3f l,ilJ :?,ii' " [r* ][(Ap ][pe ][r ][s ]) [ati ][o ]n a r F a ce res s Ap pea r3. The Assistant Commissioner of lncome Tax, Circle 16 (1), Hyderabad4. One CC to Mr J V prasad, Senior quqv' \'EIrrul SC ou fror lncomee Tax Department 5- Two cD [oPUC]copies VA/gh d HIGH DATED:31 [11212024] JUDGMENTlTTA.No.21 [ot ][2024] DISMISSING WITHDRAWN JA9A -:::-,_j'--:\.:\t:\)aI I [iil]' ][i-t'h]. [-(-]*'.\l::..i:
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