Itta/468/2012 Of The Coomissioner Of Income Tax-V v. M/S.mahanagar Estates
High Court
15 Nov 2012 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/468/2012 Of The Coomissioner Of Income Tax-V v. M/S.mahanagar Estates
Date of order
15 Nov 2012
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/468/2012 Of The Coomissioner Of Income Tax-V v. M/S.mahanagar Estates, 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.
Sections referenced in this judgment
The order — as passed by the High Court
HONOURABLE SRI JUSTICE GODA RAGHURAM
AND
HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAO
I.T.T.A.No.468 of 2012
JUDGMENT (per Hon’ble Sri Justice Goda Raghuram):
This appeal by the Revenue under Section 260-A of theIncome Tax Act, 1961, is against the order of the I.T.A.T., HyderabadBench, dated
31-07-2007 in I.T.A.No.328/Hyd/2005 whereby the Tribunal reversedthe order of the Commissioner of Income Tax (Appeals), Hyderabad(confirming the order of the Assessing Officer, dated 28-06-2004levying a penalty of Rs.46,000/- under Section 271 (1) (c) of the Act).
As the tax implication is negligible, we are not inclined toadmit this appeal for consideration. The appeal is accordinglydismissed at the admission stage. No costs.
____________________________
JUSTICE GODA RAGHURAM
Date:15-11-2012kvr
__________________________________
JUSTICE M.S.RAMACHANDRA RAO
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.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue