In Itta/456/2011 Of The Commissioner Of Income Tax Central v. P.g.satyanarayana, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
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
ITTA No. 456 OF 2011
DATED:25-01-2012
Between:The Commissioner of Income Tax,Hyderabad
… Appellant
And P.G. Satyanarayana
… Respondent
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURANDTHE HON’BLE SHRI JUSTICE SANJAY KUMAR
I.T.T.A. No. 456 OF 2011
JUDGMENT:(per the Hon’ble the Chief Justice Shri Madan B. Lokur)
1. We are told that the tax effect in this case is about Rs.56,000/-.
2. Under the circumstances, we decline to entertain this appeal inview of low tax effect.
3. The I.T.T.A. is accordingly dismissed.
MADAN B. LOKUR, CJ
25-01-2012
SANJAY KUMAR, J
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