Case LawHigh Court › Itta/48/2009 Of M/S Unicorn Agro Tech Li...

Itta/48/2009 Of M/S Unicorn Agro Tech Limited, Secunderabad v. The Asst. Commisisoner Of Income Tax, Hyderabad

High Court 16 Mar 2021 In favour of: Revenue
Forum / Bench
High Court · taphc
Parties
Itta/48/2009 Of M/S Unicorn Agro Tech Limited, Secunderabad v. The Asst. Commisisoner Of Income Tax, Hyderabad
Date of order
16 Mar 2021
Assessment year(s)
2003-2004
Outcome
Dismissed

Case summary

In Itta/48/2009 Of M/S Unicorn Agro Tech Limited, Secunderabad v. The Asst. Commisisoner Of Income Tax, Hyderabad, the High Court (2021) dismissed the appeal. The decision went in favour of the Revenue.

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 STATE OF TELANGANAAT HYDERABAD TUESDAY, THE SIXTEENTH DAY OF TWO THOUSAND AND TWENTY ONE PRESENT THE HONOURABLE SRI JUSTIGE M.S.RAMACHANDRA ANDTHE HONOURABLE SRI JUSTICE [T.VINOD KUMAR] l.T T.A. N i4 F 2009 lncome Tax Tribunal [Appeal ][under Section 260-A of ][the ][lncome ][Tax Act, ][1961,]against the order of the [lncome ][Tax ][Appellate ][Tribunal, ][Hyderabad ][Bench ]['A',]Hyderabad in ITA No.93/Hyd/2007 [for Assessment Year 2003-2004 dated 30/01/2009.] Between: M/s uNlcoRN [LIMITED, ] [Private ][Limited ][company, ][, ][having ][its],"o-i.t6i"J oni.e [at plot ][No:, ][UnicJrn ][House, ][Balaji ][Enclave, Near Gunrock, ][Dlamond]F"i'"t iirii.i6,i' noio,-- [xb*hana, ][Secunderatjad-S0O0ge, ][Rep.by ][its ][Director']rrlri.iilestr Sahghani, [S/.o Sri B.C.Sanghani aged ][52 ][years ] ...APPELLANT AND The Asst. Commissioner [of lncome Tax, Circle ][3 ][[3], Hyderabad] ...RESPONDENT For the Appellant [: ][SRI S.RAVI, ][Advocate] For the Respondent [: SRI ][B.NARASIMHA SARMA'] SC FOR INCOME The Court made [the ][following: JUDGMENT] THE HONOURABLE [M'S'RAMACHANDRA ] AND THE [SRt ] [T' ] LT.T.A.No.48 [of ][2009] JUDGMENT [: (Per ][Hon'ble ][Sri ][Justice ] [S' ][Rarnachandra ][Rao)] Leamed [counsel ][for ][aPPe][llant ][seeks ][to ][withdt'aw ][this ][Appeal ][to]approach [the ][respondents under ][the Direct ][Taxes ][(Vivad ][Se ][Vishwas)]Act, 2020. Having [regard ][to ][the ][said subrnission' ][this ][appeal ][is ][dismissed]as withdrawn, [with ][liberty to ][approach ][this Court ][in ][the ][event there ][is]rvith [the ][DePaftmet'It]no resoltttion [of ][the ][dispute ][of ][the ][petitioner]under [the ][said ][Act' ][No ][costs'] As a sequel, [miscellaneous ][petitions pending' ][if ][any' shall ][stand] closed. Sd/.B.S.CHIRANJEEVIJOINT REGISTRARCj"SECTION //TRUE [COPY'] To 1. The lncome Tax Appellate Tribunal' Hyderabad A' Bench' Hyderabad'2 The Assistant [Commissio"n;; ][;ii;;;6j'x' ]circle-3(3)' [Hvderabad']a o;;'cC i;Sri [S.Ravi, Advocate ][(oP-u^c)]4. one cc [to ][sri ][e.l.larastmhi-sriri,i, ][sc ][tor ][lncome Tax Department ][(9PUC)]5. Two CD [CoPies]KjV HIGH DATED:16/0312021 .t9\I$e-rA 16:^.?a(2t)o12APH2021ro't)tiPAik*JUDGMENTITTA.No.48 of [[2009]]ITTA DISMISSED AS WITHDRAWN [NO COSTS.]I JUDGMENTITTA.No.48 of [[2009]]
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