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Itta/224/2012 Of The Commissioner Of Income Tax - Iii v. M/S. Soma Bscpl (Jv)

High Court 06 Jan 2025 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/224/2012 Of The Commissioner Of Income Tax - Iii v. M/S. Soma Bscpl (Jv)
Date of order
06 Jan 2025
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/224/2012 Of The Commissioner Of Income Tax - Iii v. M/S. Soma Bscpl (Jv), the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed as withdrawn interms of the liberty as prayed for.

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 MONDAY, THE TWO THOUSAND PRESENT THE HONOURABLE THE HONOURABLE INCOME TAX [ NO:][ 2240F ][2012] Appeal filed under [Section ][260-4 of ][the ][lncome Tax ][Act' ][1961 against ][the]Order dated [08.06.201 ][1 ][passed ][in ][l ] [No ][132OtHydl201O ][for ][Assessment year]2OO7 -OB on [the ][file ][of ][the ][lncome Tax ][Appellate ][Tribunal' Bench-A' ][Hyderabad]dated 13.08.20110 [passed ][in ][Appeal ][No']preferred against [the ][Order]the file of [the ][Commissioner ][of ][lncome ][Tax]364iAClT6(1 YCIT(A)-V|/O9-1 [0 ][on](Appeals)-lV, Hyderabad [preferred against ][the ][Assessment Order dated ][24'12 ][2OOg]in PAN/GIR [No. ][ /S|-3197 ][on ][the ][file ][of ][the ][Assistant]passed Commissioner [of lncome Tax, Circle-6(1), Hyderabad']Between: lT Towers, [A.C. Guards, ][HYderabad']The Commissioner [of lncome Tax - ][lll]...APPELLANT AND M/s. SOMA [(JV), ][Dr' ][No]8-2-623t511, [14 Avenue, Banjara ][Hills']Hyderabad. ...RESPONDENT counserf ortheAppera",ll.".,3;"T?xJ,[::r1[.,#[Iis,1l]%?"."Tii"1,C-Junsel for-lncome [Tax Department)] Counsel for [the Respondents: ][Sri ][T' ][Bala ][Mohan Reddy] The Court [delivered ][the ][following ][JUDGMENT:] THE HON'BLE THE CHIEF JUSTICE ALOK ARADHEAND ulE[HON'BLE SRI JUSTICE ]J.SREENTI/AS RAO INCOME TAX TRIBUNAL APPEAL No.224 of 2012 JUDGMENT:'Per the I Iott'ble the ChieJ Jusnce Atok Arodhe) Ms. B.Sapna Reddy, learned Junior StandingCounsel representing Mr. J.V.Prasad, learned SeniorStanding Counsel for Income Tax Department for theappellant. 2. Learnecl counsel for the appellant seeks leave of thisCourt to withdraln, the appeal in the light ol the CrrcularNo.O9/2024, dated 17.09.2024, with the liberty to revivethe same in ,:ase the subject matter of the appeal falls inany of the exceptions provided in the Circular No.5l2O24dated 15.O3.2024. 3. Accordingly, the appeal is dismissed as withdrawn interms of the liberty as prayed for. Miscellaneous applications pending, if any, sha-ll stand closed. However, there shail be no order as to costs. Sd/. K. SRINIVASA RAOJOINT REGISTSEION OFFICER //TRUE COPY// To, 1. The lncome Tax Appellate Tribunal, Bench-A, Hyderabad 2. The Commissioner of lncome Tax (Appeals)-lV, Hyderabad 3. The Assistant Commissioner of lncome Tax, Circle-6('l), Hyderabad.4, Two CC's to Sri J.V.Prasad, SC for lncome Tax Department, 5. One CC to Sri T. Bala Mohan Reddy Advocate 6. Two CD Copies VI{/gh(K HIGH COURT DATED: OGl01t202S JUDGMENTITTA.No.224 of ZO12 DISMISSING THE ITTAAS WITHDRAWN 1[coP(e&]Vr- ^il-:o ii( E [STA} ][I:]it{1)d [1o ][rLB ][:it25].|Io oEspAlc' \
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