Itta/238/2014 Of Commissioner Of Income Tax - Ii v. M/S Gennex Laboratories Ltd

HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDHON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.238 of 2014 Date: 03-04-2014 Between: Commissioner of Income Tax-II,Hyderabad .....Appellant AND M/s Gennex Laboratories LimitedHyderabad ...Respondent HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDHON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.238 of 2014 JUDGMENT:(per Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta ) We have heard learned Counsel for the appellant, and havegone through the judgment and order of the learned Tribunal. The learned Tribunal did not encourage the penaltyproceedings as the pre-condition for initiation thereof is notsatisfied and this factual finding has been gone into. We,therefore, dismiss this appeal. Miscellaneous petitions pending, ifany, shall stand closed. No order as to costs. ___________________ K.J. SENGUPTA, CJ __________________ SANJAY KUMAR, J 03-04-2014 Gsn