In Itta/240/2017 Of The Commissioner Of Income Tax-7 v. M Bala Narasimha Reddy, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is accordingly dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE SRI JUSTI CE SANJAY KUMAR AND
THE HON’BLE SRI JUSTI CE GUDI SEVA SHYAM PRASAD
I .T.T.A. No.240 of 2017
JUDGMENT: (Per Hon’ble Sri Justice Sanjay Kumar)
This appeal under Section 260A of the Income Tax Act, 1961, arises out of the common order dated 28.08.2014 passed by the Income Tax Appellate Tribunal, Hyderabad ‘A’ Bench, in I.T.A.No.1519/Hyd/2013 preferred by the assessee pertaining to the Assessment Year 2007-08. It is relevant to note that the common order was passed in this I.T.A. along with I.T.A.No.1770/Hyd/2013 preferred by the Revenue pertaining to the Assessment Year 2007-08.
I.T.A.No.236 of 2015 was filed by the Revenue aggrieved by this common order insofar as it pertains to I.T.A.No.1770/Hyd/2013. By order dated 04.11.2015, a Division Bench of this Court dismissed the said appeal being of the opinion that no question of law much less a substantial one arose.
In that view of the matter, this appeal must meet a like fate.
The appeal is accordingly dismissed. No order as to costs.
____________________________
JUSTI CE SANJAY KUMAR
Date: 02.06.2017
va
_________________________________
JUSTI CE GUDI SEVA SHYAM PRASAD
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