Itta/290/2018 Of Principal Comissioner Of Income Tax-5 v. M/S.deepak Infratech Private Limited

IN THE HIGH COURT AT HYDERABAD MONDAY, THE NINTH TWO THOUSAND TWENTY PRESENT THE HON'BLE SRI JUSTICE [P.SAM KOSHY]ANDTHE HON'BLE SRI JUSTICE LAXMI INCOME TAX TRIBUNAL [No: ][290 ][ot2O18] lncome Tax Tribunal Appeal Under [Section 260-A ][of the lncome ][Tax ][Act, ][1961]arising out of the order of the [lncome-tax Appellate Tribunal, Hyderabad Bench ]['A']Hyderabad, in 1.T.A.No.1156 tHydl2014, [daled ][12-01-2018 ][Assessment ][Year ][2009-]2010 preferred against lhe Order [of the ][Commissioner ][of ][Income Tax (Appeals)-ll']Hyderabad, ITA No.0121/ClT(A)-ll, [Hyd/2012-13 ][dated:21-O3'2114' ][preferred]against the Order of the Assistant [Commissioner ][of ][lncome ][Tax ][Circle ][1(2),]Hyderabad dated [1 ]4-06-2012. Betweon: Principal Commissioner of lncome [Tax-S, ][1Orh ][Floor, ][Signature Towers, ][Opp.]Botanical Garden, Kothaguda, Kondapur, [Hyderabad.] ...Appellant AND M/s Deepak lnfratech Private Limited, [8-2-686l0lDl5, ][Road ][No. ][12, ][Baniara ][Hills,]Hyderabad [-500 ]034. [(PAN ][No. ][ )] ...Respondent Counsel for the Appellant: [J.V. ][PRASAD, ] [lT DEPARTMENT]Counsei for the Respondent: None AppearedThe Court made the following: ORDER THE HON'BLE SRI JUSTICE [P.SAM KOSHY] AND THE HON'BLE SRI JUSTICE [LA>(MI NARAYANA ] I.T.T.A.No.29O of 2018 ORDER: firer [rio ][rt'ble Sn ][,]ustre P.sAM ][KOSHY)] This appeal under [Section ][260-A ][of ][the ][Income ][Tax ][Act,]1961, has been fi1ed [assailing ][the ][order, ][dated ][l2.Ol'2OlB ][passed]by the Income Tax [Appellate ][Tribunal, ][Hyderabad ][Bench ]['A',]in I.T.A.No.1 [156/Hyderab ][adl2Ol4 ][for the ][Assessment]Hyderabad, Year 2O09-2010. 2. After going through the facts [of ][the ][case ][and ][submissions]made by the learned [counsel ][for the ][appellant, we ][find that ][the]issue involved in this appeal [is ][laid ][to rest ][by ][the ][decision ][of ][the]High Court of Karnataka [in ][C.I.T. ][Vs;. ][Maniunatha ][Cotton ][&]Ginning Factoryl ..We [also ][find ][that ][the ][same ][issue ][further ][stands]decided and confirmed by [the ][Hon'bie ][Supreme ][Court ][in C.I.T. ][Vs']SSA's Emercld Meadowsz. 3. In vievv of the [given ][facts ][and ][circumstances ][of the ][case,]particularly taking [note ][of the ][decisions ][of the ][Hon'ble ][Supreme]Court and also the [High ][Court of ][Karnataka ][in ][the ][aforesaid ][two]judgments, we do not find any substantial [question ][of ][law ][made] r t20lJI 359 ITR 565/2010 , izott\ts T;Lrmann r-om 248 lS( ) II PSK,J 6L LNA,I.T.LA.No.29O oj 2018 2 out by the appellant in the appeal and the appeal fails.Accordingly, this appeal is rejected. No order as to costs. 4. Consequently, miscellaneous petitions pending, if any, shallstand closed. Sd/. C.V. MALLIKARJUNA JOINT REGISTRARqh //TRUE COPY// SECTION OFFICER To, 1. The lncome-tax Appellate Tribunal, [Hyderabad ][Bench'A' ][Hyderabad] 2. The Commissioner of [Income Tax ][(Appeals)-ll, ][Hyderabad] 3. The Assistant Commissioner of lncome Tax Circle ['l(2), ][Hyderabad] 4. One CC to SRI J.V. PRASAD, SC FOR lT DEPARTMENT 5. T-wo CD Copies kamu I \. HIGH COURTDATED:0911012023 ORDERITTA.No.290 of [2018] THE IS REJECTED ,), {-.a),' .l,jCsoo\\Jl/ClH *