Itta/368/2013 Of The Commissioner Of Income Tax Iv v. M/S. Nagarjuna Fertilizers And Chemicals Limited
High Court
27 Aug 2013 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/368/2013 Of The Commissioner Of Income Tax Iv v. M/S. Nagarjuna Fertilizers And Chemicals Limited
Date of order
27 Aug 2013
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/368/2013 Of The Commissioner Of Income Tax Iv v. M/S. Nagarjuna Fertilizers And Chemicals Limited, the High Court (2013) dismissed the appeal. The decision went in favour of the assessee.
Decision: This appeal is, accordingly, dismissed.
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
HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAAND
HON’BLE SRI JUSTICE K.C. BHANUI.T.T.A.No.368 of 2013
Date: 27-08-2013
Between:
The Commissioner of Income Tax-IVHyderabad.
… Appellant
And
1.M/s. Nagarjuna Fertilizers and Chemicals Limited,
8-2-248, Corporate Building,Nagarjuna Hills, Punjagutta,Hyderabad.
… Respondent
HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAAND
HON’BLE SRI JUSTICE K.C. BHANU
I.T.T.A.No.368 of 2013
JUDGMENT:(Per Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta)
We have heard Mr. J.V. Prasad, learned Standing Counsel forIncome Tax, and have gone through the impugned judgment and orderof the learned Tribunal.
We are of the view that there is no illegality or infirmity in theimpugned judgment and order as the Tribunal, by order dated 27-05-2011, set aside the order of the Commissioner of Income Tax passedunder Section 263 of the Income Tax Act, 1961. Hence, we do not
want to admit this appeal.
This appeal is, accordingly, dismissed. There will be no orderas to costs. Miscellaneous Petitions pending, if any, shall standclosed.
_________________
K.J. SENGUPTA, CJ
Date: 27-08-2013YCR
_________________
K.C. BHANU, J
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