Case Law › High Court › Itta/351/2011 Of Andhra Pradesh Fibres L...

Itta/351/2011 Of Andhra Pradesh Fibres Ltd v. Assistant Commissioner Of Income Tax

High Court 03 Dec 2011 In favour of: Revenue

Forum / Bench

High Court · taphc

Parties

Date of order

03 Dec 2011

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Itta/351/2011 Of Andhra Pradesh Fibres Ltd v. Assistant Commissioner Of Income Tax, the High Court (2011) dismissed the appeal. The decision went in favour of the Revenue.

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

THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURANDTHE HON’BLE SHRI JUSTICE SANJAY KUMAR I.T.T.A. No.351 OF 2011 DATED:03-12-2011 Between: Andhra Pradesh Fibres Ltd. … Appellant And Assistant Commissioner of Income Tax,Circle – 3 (1), Visakhapatnam. … Respondent THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURANDTHE HON’BLE SHRI JUSTICE SANJAY KUMAR I.T.T.A. No.351 OF 2011 JUDGMENT:(per the Hon’ble the Chief Justice Shri Madan B.Lokur) 1. Learned counsel for the assessee frankly states that asimilar appeal being, I.T.T.A. No. 370 of 2011 was dismissedby a Division Bench of this Court on 15.11.2011 holding thatno substantial question of law arises on the issue whetherthe payment of insurance premium made by the assessee-company for the key man is a business expenditure. 2. Following the order passed in the aforesaid case, thisappeal is also dismissed. MADAN B. LOKUR, CJ 03-12-2011pnb SANJAY KUMAR, J

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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