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Itta/350/2019 Of The Pr. Commissioner Of Income-Tax v. M/S. Lanco Solar Energy Pvt Ltd

High Court 02 Aug 2023 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/350/2019 Of The Pr. Commissioner Of Income-Tax v. M/S. Lanco Solar Energy Pvt Ltd
Date of order
02 Aug 2023
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/350/2019 Of The Pr. Commissioner Of Income-Tax v. M/S. Lanco Solar Energy Pvt Ltd, the High Court (2023) dismissed the appeal. The decision went in favour of the assessee.

Decision: As the appeal itself since been stated to have become infructuous, theITTA is dismissed as infructuous.

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

Sections referenced in this judgment

The order — as passed by the High Court

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE SECOND DAY OF AUGUSTTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA INCOME TAX TRIBUNAL APPEAL [No: ][350 ] [2019] lncome Tax Tribunal Appeal Under Section [260,4 ][of the ][lncome ][Tax ][Act,]1961 arising out of the order of the lncome{ax [Appellate Tribunal, Hyderabad ][Bench]'B' Hyderabad, in S.A No. 16/Hyd/2019 in l.T.A. No.670/Hyd/2017, [for assessment]Year 2012-13 dated 13-02-2019 [preferred against ][the ][Order ][of ][' ][the ][Assistant]Commissioner of lncome Tax, Circle-16(1 ),Hyderabad [PAN/GlR ][No. ,]daled:28-O2-20'1 7, [preferred against ][the ][Order ][of ][the ][Deputy ][Commissioner ][of]lncome-Tax, (Transfer Pricing Officer)-3, [Hyderabad PAN/GIR ][No. ][ ]dated 27-O1-2016. Between: The Pr. Commissioner of lncome{ax-4, [Hyderabad.] ...AppellanURespondent AND M/s. Lanco Solar Energy [Pvt ][Ltd, Lanco House, Plot ][No.4, ][Software Units ][Layout,]Madhapur, HYDERABAD-soo [081. (PAN ][No. ][AABCL 7372G)] ...RespondenUAppellant lA NO: 2 OF 2019 Petition under Section 15'1 CPC praying that in the circumstances statedin the affidavit filed in support of the petition, the High Court may be pleased tosuspend the order lN S.A. No.'16lHyd/2019 in tTA No. 670/Hyd/2017 of thelncome Tax Appellate Tribunal, Hyderabad Bench "8", at Hyderabad, dated 13-02-2019, pending disposal of the appeal. Counsel for the Appellant: SRI J.V. PRASAD, Sr Standing Counsel for lncomeTax Counsel for the Respondent: M/s. MN ADVOCATES The Court delivered the following: JUDGMENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND TI{E HON'BLE SRI WSTICE A. LAXMI NARAYANA I.T.T.A. No. 35O of 20L9 JUDGMENT:peI Hon'bte Si Jltstice p.SAM KOSHy) Learned counsel appearing for tJle parties submit that the matter has become infructuous. 2. As the appeal itself since been stated to have become infructuous, theITTA is dismissed as infructuous. No order as to costs. 3Consequently, miscella-neous petitions pending, if any, shall standclosedclosed Sd/.B.S.CHIRANJEEVIJOINT REGISTRAR@SECTION OFFICER //TRUE COPY// To,1. The lncometax [Appellate Tribunal, Hyderabad ][Bench ][' ][B' Hyderabad]i. f6" n..istrnt [Commissioner of lncome Tax, Circle-16(1)'Hyderabad]a. fne Oeputy [Commissioner of lncome-Tax, (Transfer Pricing Officer)-3']Hyderabad4. o,n; cc to [J.v. ][PRASAD, ][sc ][FoR ][lNcoME ] [[oPUC]]5 One CC [M/s. ] [ ]6. Two CD CoPieskam b HIGH COURT DATED:0210812023 JUDGMENT ITTA.No.350 of 2019 ITTA IS DISMISSEDAS INFRUCTUOUSI Sa ( A$s\I*q'
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