In Itta/444/2005 Of Som Bhupal v. The Deputy Commissioner Of Income Tax, the High Court (2012) allowed the appeal. The decision went in favour of the assessee.
Decision: The appeal is allowed accordingly.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HON'BLE SRI JUSTICE GODA RAGHURAMANDHON'BLE SRI JUSTICE M.S.RAMACHANDRARAO
I.T.T.A.No.444 of 2005
JUDGMENT: (per Hon’ble Sri Justice Goda Raghuram)
It is represented by Sri S.Ravi, learned seniorcounsel for the appellant-assessee and fairly concededby the learned Standing Counsel for Commercial Tax-SriB.Narasimha Sarma that this appeal requires to beallowed for the reasons recorded in the judgment of thisCourt dated 05.07.2012 in I.T.T.A.No.8 of 2005.
Consequently, in view of the submission, the orderof the Income Tax Appellate Tribunal, Hyderabad Benchdated 09.06.2005 in I.T.A.No.434/Hyd/2000 is set asideand the order of the Commissioner of Income Tax,Hyderabad dated 24.03.2000 in respect of theassessment year 1996-97 is restored.
The appeal is allowed accordingly. No costs.
______________________
JUSTICE GODA RAGHURAM
09[th] November 2012DR
__________________________
JUSTICE M.S.RAMACHANDRA RAO
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