Itta/34/2022 Of Pr. Commissioner Of Income Tax - 2 v. M/S. Hbl Power Systems Ltd
High Court
05 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/34/2022 Of Pr. Commissioner Of Income Tax - 2 v. M/S. Hbl Power Systems Ltd
Date of order
05 Nov 2024
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Itta/34/2022 Of Pr. Commissioner Of Income Tax - 2 v. M/S. Hbl Power Systems Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT FORor r"rllxBlfrE [oF ]
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[ [341S ]I
PRESENT
THE HONOURABLE THE (JUSrrcE ALoK ARADHE
rHE HoNouRo"'-t JUSilCE J SREENIVAS RAO
'*"X|":i-
tNcOME TAX TRIBUNALAPPEALNo:34 OF 2022
Asses1961sment against lncome Tax Tribunal year the order dateAdp 23-04-2021 peal Under Section passed 260in A I T.A.No..t89/Hyd/2017of the lncome Tax Actpassed Hyderabad Benches on the 2012_13file_ A, Hof yd on erabad the the Assistantprefened file of the agalncominst the Order e Tax Appellate d ated 14_03_2Tribu016 fornal30-01-2016 passed PAN.No.AAACHB42IK on the file Ctcle 2(2), of the HyderabadDeputy prefered Commtssioner Commissioner against of the of lncomeOrder datedTaxPAN.No.AAACHs4 21K, circle .lncome_ Tax,2(2), Hyderabadpassed Hyderabad Benches on the 2012_13file_ A, Hof yd on erabad the the Assistantprefened file of the agalncominst the Order e Tax Appellate d ated 14_03_2Tribu016 fornal30-01-2016 passed PAN.No.AAACHB42IK on the file Ctcle 2(2), of the HyderabadDeputy prefered Commtssioner Commissioner against of the of lncomeOrder datedTaxPAN.No.AAACHs4 21K, circle .lncome_ Tax,2(2), Hyderabad
Between:
Pr. Commissioner of lncome Tax _ 2, Hyderabad
AND
...Appellant
M/s. HBL [power]500032. PAN Noiui:a.r!,ji,?-2-60 [1, ][Road ][No. ][1 ][0 ] [a ][nja ][ra ] [it ][ts, Hydera ][bad-]
...Respondent
counser for the Apperant : Ms. J. sunitha representing sri p. Murari KrishnaCounsel for the Respondent : Sri Dundu ManmohanThe Court delivered the following: Judgment
IIIIIIIII
HEJUSTICEALO[K]N[,BLE]THECHANDNrv [o]ON'BLESRIJI]STICEJ.No.3[4of][ 20][22]
INC A)([T]RIBUNAL
JUDG NT i [(Per ][the ][HorL'bIe ][the ][Chief ][Justice ][AIok ][Aradhe)]
Standing [Counsel ][for]Ms. [.1. ][Sunitha' ][learned ][Junior]Mr. [r).Murali]lncomeTurxDepartment [rePresenting]Krishna, [lerrrned counsel for ][the ][appeliant']
learned [counsel ][for ][the]
Mr. Dundu [Manmohan']re spondent'
2. Learned [counsel ][for ][the appellant ][seeks leirve ][of ][the]CourttouvithdrawtheappealinthelightofthtlCircularNo.O9 I [2024 ], [dated ][17 ]['O9 ]['2024 ][']
Acc rrdingly, [the ][appeal ][is ][dismissed ][as ][witkLdrawn']Miscellaneousapplications [pending, ][if ]'lny ' [shall]stand [clo ][sed]However,[th][ere shal1 be ][no ][o][rder ][as ][to costs]sd/- K. JOINT GISTRAR//TRUE SECTION\dmtceR
J
To,1The rncom€ Tax [Appellate ][Tribunal, ][Hyderabad ][Benclgs ][- ][l\' ][Hyderabad]2rhe Assisrant commissioner o f mrx:rme Tax, Ctcle 2(2), Hydefabad.1The rncom€ Tax [Appellate ][Tribunal, ][Hyderabad ][Benclgs ][- ][l\' ][Hyderabad]2rhe Assisrant commissioner o f mrx:rme Tax, Ctcle 2(2), Hydefabad.4.The Depury Commissioner of lncome_Tax, Circle 2(2), Hyderabad.Rone 9n" CC to 99 [to Sri ]s ri Dundu [p ][trrlurali ]rr,rrnmorran, [Krishna. ]Advocate eavllit IOpUCi' [']6.Two CD Cop,iesfbEi,tfRone 9n" CC to 99 [to Sri ]s ri Dundu [p ][trrlurali ]rr,rrnmorran, [Krishna. ]Advocate eavllit IOpUCi' [']6.Two CD Cop,iesfbEi,tf
ADKishw
III
HIGH
DATED:05t1112024
IAIS;stobCUJ[[tt ][1[?t]o!DEs)o:.1c
JUDGMENTlTTA.No.34 [of ][2$22]
DISMISSING THE APPEAL AS WITHDRAWNWITHOUT COSTS
g [coP\c'd']
Waif'(x
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