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Itta/39/2013 Of Commissioner Of Income Tax-Iii, Hyd v. M/S. Sujana Finance And Trading Ltd., Hyd

High Court 20 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/39/2013 Of Commissioner Of Income Tax-Iii, Hyd v. M/S. Sujana Finance And Trading Ltd., Hyd
Date of order
20 Dec 2024
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/39/2013 Of Commissioner Of Income Tax-Iii, Hyd v. M/S. Sujana Finance And Trading Ltd., Hyd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed as withdrawn in termsof the liberty as prayed for Miscellaneous applications pending, if any, shall stand closed.

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

The order — as passed by the High Court

IN THE HIGH COURT FOR THE AT HYDERABAD FRIDAY, THE TWENTIETH DAY OF TWO THOUSAND AND TWENTY PRESENT THE HONOURABLE THE CHIEF JUSTICE ANDTHE HONOURABLE SRI JUSTICE INCOME TAX TRIBUNAL APPEAL [NO: ][39 OF 2013] Appeal filed under Section [260-4 of ][the ][lncome ][Tax Act, ][1961 against ][the]order dated 08.06.2012 [passed ][in ][l.T.A.No. 755lHydl2010 ][for ][Assessment ][year]2006-07 on the file of the [lncome ][Tax ][Appellate ][TribuRal,' ][Hyderabad Bench ]['A',]Hyderabad preferred against [the ][Order ][dated ][26.02.2010 ][passed ][in ] [No']0136/C|T(A)-GNT/2009-'10 on the [file ][of ][the commissioner ][of ][lncome Tax (Appeals)]Guntur for Assessment [Year ][2006-07, ][preferred against ][the ][Assessment ][order]dated 15.07.2009 [passed ][in ] [No. ][S-764/ ][on ][the ][file ][of ][the]Deputy Commissioner of lncome [Tax, ][Circle ]- [3(2), ][Hyderabad-] Between: Commissioner Of lncome Tax-lll, [HYD., ][I.T- ][Towers, ] [C. Guards, Hyderabad'] ...APPellant AND M/S. Sujana Finance And [Trading Ltd., HYD.' Plot ][No.S/A, ][Vengalrao ][Nagar,]Hyderabad. ...ResPondent Counsel for the Appellant: Mr. J.V. Prasad Senior Standing [Counsel ][for]lncome Tax DePartment Counsel for the ResPondent: Mr. G.V. Ambeswar [rePresenting]MN Advocates The Court delivered the [following:] AND THE HON'BLE SRI JUSTICE J.SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL No.39 of 2O13 JUDGMENT: (Per i.he Hon'ble the Chief Justice Atok Arodhe) Mr. J.V.Prasrad, learned Senior Standing Counsel for Income TaxDepartment lor th.e appellant. Mr. G.V.Ambeswar, learned counsel representing 1\{N Advocates for the respondent. 2. Learne d Senior Standing Counsel for the appellant seeks leave of this Court to withdraw the appeal in the Iight o1' the CircularNo.O9 12024, dated 17.09.2024, witLl the liberty to revive, the same incase the subject matter of the appeal falls in any of the exceptionsprovided in the Circular No.S/2024 dated 15.O3.2024case the subject matter of the appeal falls in any of the exceptionsprovided in the Circular No.S/2024 dated 15.O3.2024 3. 3. Accordingly, the appeal is dismissed as withdrawn in termsof the liberty as prayed for Miscellaneous applications pending, if any, shall stand closed. However, there shall be no order as to costs. A.V.S.S.C.S.M. SARMAJOINREGISTBAR //TRUE COPY// SEON OFFICER To, '1. The lncome Tax Appellate Tribunal, Hyderabad Bench 'A',Hyderabad.Hyderabad.2. The Commissioner of lncome Tax (Appeals) Guntur3. The Deputy [()ommissioner ]of lncome Tax, Central Circle - 3(2),Hyderabad3. The Deputy [()ommissioner ]of lncome Tax, Central Circle - 3(2),Hyderabad i ,- 4. one cc to Mr. J.V. [Piasad ][senior ][Standing ][counsel forlncome Tax]Department Department 5. One CC to [Advocates ] 6. Two CD CoPies DL/gh \-,V \ HIGH COURT OATED:2O11212O24 IJUDGMENTIlTTA.No.39 of 2013 APPEAL IS DISMISSED AS WITHDRAWN @ F\[e][ OF ] 'octi.l-.$[\$]I9,H lg(;,,
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