Itta/34/2014 Of Commissioner Of Income Tax-Ii v. Sanghi Spinners India Ltd

IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD (Special Original Jurisdiction) PRESENT THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.34 OF 2014 DATED: 19.03.2014 Between: Commissioner of Income Tax-III,IT Towers, A.C.Guards, Hyderabad. … Appellant and M/s.Sanghi Spinners India Limited,4-3-352, Bank Street, Hyderabad. … Respondent THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTAAND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.34of2014 JUDGMENT:(per the Hon’ble The Chief Justice Sri Kalyan Jyoti Sengupta) We have heard Mr. B.Narasimha Sarma, learnedcounsel for the appellant and Mr. Y.Ratnakar, learnedcounsel for the respondent and gone through the impugnedorder. We have noticed that there is a typographical mistakeas the learned Tribunal records Section 115JB of theIncome Tax Act, but it should be explanation (iii) of Section115JB(2) of the Income Tax Act. Therefore, paragraph 5 ofthe impugned order should be read with the explanation (iii)as available under Section 115JB(2). Except the aforesaid correction, we do not find anyreason to interfere with the impugned order. Hence, we dispose of the appeal without admitting thesame. There will be no order as to costs. ___________________ K.J. SENGUPTA, CJ 19[th] MARCH, 2014. __________________ SANJAY KUMAR, J bnr/kvni