Itta/298/2007 Of V.c.nannapaneni v. Asst.commissioner Of Income Tax

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESOAY, THE THIRTEENTH DAY OF SEPTEMBERTWO THOUSAND AND TWENTYTHREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE O(Ml NAlt/AYAilA ALISHETTY INCOME TAX TRIBUNAL APPEAL No: 298 of 2007 lncome Tax Tribunal Appeal Under Section 260-4 of the lncome Tax Act, 1961arising out of the order of the lncome{ax Appellate Trilrunal, Hyderabad Bench [' ]A [']Hyderabad, in ITA No.334/HYD/2005, for assessment Yeat 2OO142 dated [19-04-]2OOl [preterred ]against the Order of the Commissioner of lncome Tax [(Appealsflll,]Hyderabad, ITA No.277IACIT 2(2) Hyd/ClT(A)-lll/0344 datd:1442-2@5, [preferred]against the Order of the Assistant Commissioner of lncome Tax Cvde [2(2),]Hyderabad PAN/GIR No. ABEPN 6301L / N-718 daled27-02-2004. Between: V.C-Nannapaneni, Rl/o.Plot No.529, Road No.26, Jubilee Hills, Hyderabad. ...Appellant ANDAsst.Commissioner of lncome Tax, Circle 2 (2), Hyderabad. ...Respondent Counsel for the Appellant: SRI K. VASANT KUMARCounsel for the Respondent: None appearedThe Court delivered the following: JUDGMENT \t THE HONOURABLE SRI JUSTICE P.SAM AND THE HOITOURABLE SRI JUSTICE LAXMI NARAYANA I.T.T.A.No.29A of ',2OO7 JUDGMENT : (per Hon'bte [Sri ]Jusrice P.sl{Jlf [)KOSHY)] The instalt appeal is filed by the appellant under Section 260-A of the Income Tax Act, 196 I assailing the [order ][passed by]the Income Tax Appellate Tribunal, Hyderabad inLT.A.No.334/ HYD/ 2005, dated t9.O4.2Oo7 [.] 2. When the matter is taken up for hearing, learned counselfor the parties fairly conceded that sirnilar issue had [already]been decided by a learned Division f]ench of this Court inI.T.T.A.Nos.159 and 160 of 2o05, date,l 05.01.2018, where inrespect of the appeals preferred by the [present ][assessee ][himself]were allowed and the issue was decided against [the ][Revenue ][and]in favour of the assessee. Given the fact that this Court has, in the fact that this Court has, in fact that this Court has, in that this Court has, in this Court has, in Court has, in in the case case [[of ][the]][[the]] 3. Given the fact that this Court has, in the fact that this Court has, in fact that this Court has, in that this Court has, in this Court has, in Court has, in in the case case [[of ][the]][[the]]present assessee himself, already [passed ]orders deciding [the]issue in favour of the [assessee ][(referred above), ][the ][present]appeal also stalds a-llowed [on ][similar ][lint:s.] 4Accordingly, the Appeal is allowed as above. No costs. 5. Consequently, miscellaneous petitions pending, if any,any, shall stand closed. Sd/. M. VIJAYA BHASKERJOINT REG|ST/{AR//TRUE COPY/// \u/vSECTION OFFICER To, 1. The lncome.tax Appellate Tribunal, Hyderabad gerrch , A . Hyderabad 2. The Commissioner of lncome Tax (Appealsllll, Hyderabad. 3. The Assistant Commissioner of lncome Tax Ctcle 2(2), Hyderabad 4. One CC to SRt K. VASANT KUMAR, Advocate [OpUC][OpUC] 5. Two CD Copies kamYts HIGH COURT DATED:1310912023 JUDGMENTlTTA.No.298 of 2007 THE APPEAL ISALLOWED &+,3tr{ i rie [Sl4f]s.q}it] 1 r{0i/ 2i2.3\