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Itta/32/2012 Of The Commissioner Of Income Tax-Iii v. Bgs-Sgs-Soma Joint Venture

High Court 06 Jan 2025 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/32/2012 Of The Commissioner Of Income Tax-Iii v. Bgs-Sgs-Soma Joint Venture
Date of order
06 Jan 2025
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/32/2012 Of The Commissioner Of Income Tax-Iii v. Bgs-Sgs-Soma Joint Venture, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordrngly, the appeal is dismissed as withdrawn interms of the liberty as prayed for.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH COURT FOR THE STATE AT HYDERABAD MONDAY, THE SIXTH DAY OF TWO THOUSAND AND PRESENT THE HON'BLE THE CHIEF AND THE HON'BLE SRI JU [J. ] INCOME TAX TRIBU NAL [No:32of2O12] lncome Tax Tribunal Appeal [Under Section 260 ] [of ][the ][lncome ][Tax ][Act]1961 against the order dated [08-09-2009 on the file ][of the ][lncome ][Tax ][Appellate]Tribunal, Hyderabad Bench ['B', ][Hyderabad ][in ][l.T.A.No.399/Hyd/2008 for]Assessment Year [2O04-2OO5 ][preferred against the ][order daled ]['l ][5-01-2008 ][on ][the]file of the commissioner [of ][lncome Tax (Appeals)-lV, Hyderabad ][in ][Appeal ][No.]298/|TO.W.6(3yClT(A)-lv/06-07 [preferred against ][the ][order ][dated ][28-12-2006]passed in PAN / GIR No. AAA 3718 [tB-349 ][on the file of ][the ][lncome ][Tax ][Officer,]Ward-6(3), Hyderabad. Between: The Commissioner of [lncome ][Tax-lll, ][l.T.Towers, ][A'C'Guards, Masab ][Tank,]Hyderabad. ...APPellant ANDBGS-SGS-Soma Joint [Venture ], [B-2-623t5t1,14, ][Avenue ][4, ][Banjara ][nills, ][\r..]Hyderabad. ...ResPondent Counsel for the Appellant: [Ms. B. ][Sapna Reddy, ][Standing ][Counsel]representing Mr. .t.V. Prasad, [Standing ][Counsel ][for ][lncome Tax Department] Counsel forthe Respondent: [Sri ][R. ][Raghunandan] The Court delivered the [following: ] \ THE HON'BLE THE CHIEF JUSTICE ALOK ARADHEANDTHE HON'BLE SRI JUSTICE J.SREENIVAS RAO INCOME TA)( TRIBUNAL APPEAL No.32 of 2012 JUDGMENT: !'er the IIon'bIe the Chief Justice Alok Aradhe) Ms. B.Sapna Reddy, learned Junior SterndingCounsel representing Mr. J.V.Prasad, learned SeniorStanding Counsel for Income Tax Department for theappellant. 2. Learned counsel for the appellant seeks leave of thisfor the appellant seeks leave of thisthe appellant seeks leave of thisseeks leave of thisof thisCourt to urithdraw the appeal in the light of the CircularNo.O9 l2O2a, dated 17.09.2024, with the liberty to revivethe same in case the subject matter of the appeal falls inany of the exr:eptions provided in th€ Circular No.5/2O24dated 15.03.2t124. Learned counsel for the appellant seeks leave of thisfor the appellant seeks leave of thisthe appellant seeks leave of thisseeks leave of thisof this 3. Accordrngly, the appeal is dismissed as withdrawn interms of the liberty as prayed for. Miscellaneous applications [pending, ][if ][any, ][shall] stald closed. However, [there shall ][be ][no ][order ][as ][to costs'] sd/-K sR+HYt?&ElR //TRUE SECN OFFICER 1 . The [lncome Tax Appellate ][Tribunal' ][Hyderabad Bench ]['8" ][Hyderabad']2. The [commissioner of ][rn"L"1ui ][tnppeals)-lv,' ][Hyderabad']; +il; l;;; rax officer' [ward-6(3)' ][Hvderabad ]-C"'"tel for 'for ''lncome Tax Tax Department4. one cc [to ][Mr' ] [V' ][P'##:ti'lii"g ]2. The [commissioner of ][rn"L"1ui ][tnppeals)-lv,' ][Hyderabad']; +il; l;;; rax officer' [ward-6(3)' ][Hvderabad ]-C"'"tel for 'for ''lncome Tax Tax Department4. one cc [to ][Mr' ] [V' ][P'##:ti'lii"g ] To -C"'"tel for 'for ''lncome Tax Tax Department IOPUC]s. b;""ct [to ][sri ][R' Raghunandan' ][Advocate ][[oPUCl] 6. Two [CoPies] kamw HIGH COURT DATED:0610112025 JUDGMENTITTA.No.32 ot 2012 THE APPEAL ISDISMISSED ASWITHDRAWN gcoPkAft" ,-_:t*_-rE [STet]:r\^:\.<(JJz1! Ffi :fia-b.* {),-- S - j.'ir'.\i -',1 \
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