Itta/235/2008 Of Y.rama Chandra Reddy v. Asst.commissioner Of Income Tax

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE EIGHTEENTH DAY OF AUGUSTTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM ANDTHE HONOURABLE SRI JUSTICE SUDDALA INCOME TAX TRIBUNAL APPEAL NO: 235 OF 2008 lncome Tax Tribunal Appeal under Section 260-4 of the [lncome tax ][Act,]1961 , against the order dated 31.08.2007, [passed ][in ][I.T.A. ][No.379/Hyd/2004 for]Assessment Year 1999-2000 on the file of the [lncome ][Tax ][Appellate ][Tribunal,]Hyderabad Bench, ["A" ]Hyderabad [preferred against ][the ][order dated ][24.03.2004]passed in PA No./GlR. No. PvAEP Y [g574FtR715on ]the file of the [Commissioner ][of]lncome Tax - lll, Hyderabad [preferred ]against [the order dated 15.03.2002 passed by]Assistant Commissioner of lncome -Tax, Circle - [3(4), ][Hyderabad.]Between: Y.Rama Chandra Reddy, R/o.843, [Yeturi ][Banjara Avenue, Banjara ][Hills,]Hyderabad. ...Appellant AND Asst.Commissioner of lncome Tax, O/o.Circle-3 [4], [Hyderabad] ...Respondentrepresenting Counsel for the Appellant Mr. A.V.A. Siva KartikeyaMr. A.V. Krishna Koudinya Counsel for the Respondents: Ms. [Bokaro ][Sapna Reddy ][Standing]Counsel for Income Tax DePartment The Court delivered the following: THE HONOURAB LE sRI ]USTICE P.SAM KOSHYAND THE HONOUR.ABLE SRI JUSTICE SUDDALA CHALAPATHI RAO INCOME TAX TRIBUNAL APPEAL No.235 of 2OO8 JUDGMENT: (pet the Hon'ble Sn lustice P.Sam Kashy) Heard Mr. A.V.A. Siva Kartikeya, learned counsel/ representingMr. A.V. Krishna Koundinya, learned counsel for 1-he appellant, andMs. Bokaro Sapna Reddy, learned Senior Standing Counsel for incomeTax Department appearing on behalf of the respondent. 2. The instant appeal has been filed by the appellant challenging theorder passed by the Income Tax Appellate Tribunal, Hyderabad Bench 'A',Hyderabad (for short 'ITAT') in ITA. No.379lHyd/04, for the assessmentyear 1999-2000, which stands decided on 31.08.2007. 3. Vide the impugned order, the ITAT disallowed the claim of interestto the tune of Rs.71,75,072/- which according to thr: appellant was byway of certain unsecured loans that he has obtained during the period1985-86. 4. Today when the matter is taken up for hearing, learned counsel forthe appellant submits that pursuant to the impugned order of remand bythe ITAT, the Assessing Officer has passed a consequential order on 14.03.2005 and has decided the case in favour of the appellant holdingthat there is genuineness of the payment of interest and identity of thecreditors which coulci not be doubted. 5. In view of the consequential order being passed pursuant to theimpugned order of remand by the ITAT, we are of the considered opinionthat nothing further remains to be adjudicated in the instant appeal.Accordingly, the instant appeal stands disposed of in Iight of theconsequential order passed by the Assessing Officer on 14.03.2005. Nocosts. 6. As a sequel, miscellaneous applications [pending ]if any, shall stand closed. s D/- c.v., [*:5ft ]T',*',s""+lHl /,TRUE [COPY'I] SECTION To,iilt".ffi 5. One [to ][Ms ]$[*$#ft [Bokar<]DePartment '#i.*tffi$]li,::,:i::",",6. Two [CoPies]DL/PSLw HIGH COURTDATED:18/08/2025 ,/on,.-:,./'<JUDGMENT(lTTA.No.235 of 2008lil\--0 L;iP 205\.,. ?\...-rj?' APPEAL IS DISPOSED OF I1fq\