Itta/307/2014 Of The Commissionr Of Income-Tax-Iv v. M/S Liquidz India [P] Limited

HIGH COURT OF JUDICATURE AT HYDERABADFOR THE STATE OF TELANGANA AND THE STATE OF ANDHRAPRADESH PRESENT THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A. NO.307 OF 2014 DATED:5.6.2014 Between: The Commissioner of Income Tax – IVHyderabad … Appellant And M/s. Liquidz India (P) Limited3-6-290, B-505, Sai Tirumala TowersHydergudaHyderabad … Respondent THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A. NO.307 OF 2014 JUDGMENT:(per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) We have heard Sri J.V. Prasad, learned counsel appearing forthe appellant – Revenue, and gone through the impugned judgmentand order of the learned Tribunal. The learned Tribunal, on the issue sought to be raised before us,found that pre-condition for imposition of penalty was not satisfied. That being a factual finding, we do not find any reason to interfere withthe impugned judgment. The appeal is therefore dismissed. There will be no order as tocosts. ________________________ K.J. SENGUPTA, CJ _______________________ SANJAY KUMAR, J 5.6.2014 bnr