In Itta/309/2014 Of The Commissioner Of Income Tax v. Nirmala Homes Pvt Ltd, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal is therefore dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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.309 OF 2014
DATED:5.6.2014
Between:
The Commissioner of Income Tax-IVHyderabad … Appellant
And
M/s. Nirmala Homes Pvt. Ltd.,Flat No.3 & 4, PedsoPhase II ColonyYapralSecunderabad … Respondent
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA AND
THE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A. NO.309 OF 2014
JUDGMENT:(per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta)
We have heard Sri J.V. Prasad, learned Counsel for theappellant – Revenue and gone through the impugned judgment andorder of the learned Tribunal.
The learned Tribunal has appreciated the fact in relation to theissue and passed the impugned judgment. Therefore, this Court is notin a position to reappreciate the fact.
The appeal is therefore dismissed. There will be no order as tocosts.
________________________
K.J. SENGUPTA, CJ
_______________________
SANJAY KUMAR, J
5.6.2014
bnr
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