Case LawHigh Court › Itta/488/2011 Of M/S. Unicorn Agrotech L...

Itta/488/2011 Of M/S. Unicorn Agrotech Ltd v. The Asst. Commissioner Of Income Tax

High Court 16 Mar 2021 In favour of: Revenue
Forum / Bench
High Court · taphc
Parties
Itta/488/2011 Of M/S. Unicorn Agrotech Ltd v. The Asst. Commissioner Of Income Tax
Date of order
16 Mar 2021
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/488/2011 Of M/S. Unicorn Agrotech Ltd v. The Asst. Commissioner Of Income Tax, 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 AT HYDERABAD TUESDAY, THE SIXTEENTH TWO THOUSAND AND TWENTY PRESENT THE HONOURABLE SRI [JUSTICE M.S.RAMACHANDRA ] ANDTHE HONOURABLE SRI JUSTICE [T,VINOD KUMAR] I.T.T.A. N :4880F2 11 lncome Tax Tribunal [Appeal under Section ][260-4 ][of ][the ][lncome Tax ][Act, ][against]the order of the lncome [Tax ][Appellate ][Tribunal, ][Hyderabad Bench-B, Hyderabad ][in ] No.Bl 7/Hyd/2007, for Assessment [Year ][2OOO-2OOl ][dated ][1 ][1/08/201 ][1 preferred against]the order of the commissioner [of ][lncome ][Tax, ][(Appeals)-lV, Hyderabad ][in ][Appeal]No.0420/DC-3(3yClT [(A)-lv/2006-07 ][dated ][15lo6t2oo7, preferred against ][the ][order of]the Deputy commissioner [of ][lncome Tax, ][circle ][-3(3), Hyderabad PAN/GlR No.AAACU]2782JlU-9 dated 28/1 [1/2006.] Between: M/s. UNICORN AGROTECH [LTD., ] [Private ][Limited ][company, ][having ][its ][regis-tered]offiC"-"i [pfot ]No.3, Unicorn [House, Balaji ][Enclave, ][Near ][Gunrock, Diamond ][Point,]irrniport iora, xbtr,r,ana, [Secunderab?b ]-5-09 -0.09, [Rep, ][by ][its-Director ][ft/r'Amul]i;;;{;i, do.Sli e.C.Si"ghuni. [Rro.etot ][No 70 ][& ][71, P ][& ][r ][Colonv, ][Secr.rnderabad-09]AND The Assistant Commissioner of [lncome ][Tax' ][Circle 3(3) ][Hyderabad] ...RESPONDENT For the Appellant : SRI CH.PUSHYAM [KIRAN, ][Advocate] For the Respondent [: SRI ][B'NARASIMHA SARMA' ] [for ][lncome ][Tax] The Court delivered the [following: JUDGMENT] THE HONOUITABLE SRI .IUSTICE NI.S.ITANIACHANDRA RAO AND THE HONOURABLE SRI JUSTICE T. VINOD KUMAR I.T.T.A.No.488 of 20ll JUDGMENT : (Per Hon'ble Sri .lLrstice M.S. Ramachandra Rao) I-earned counsel for appellant seeks to withdraw this Appeal toapproach the respondents under the Direct Taxes (Vivad Se Vishwas)Act, 2020.Act, 2020. Having regard to the said submission, this appeal is dismissedas withdr:awn, with Iiberty to approach this Court in the cvent there isno resolution of the dispute of the petitioner with the Departmentunder the said Act. No costs. As a sequel, miscellaneous petitions pending, il any, shall stand closed. Sd/.B.S.CHIRANJEEVIJOINT REGISTRARh-''SECTION OFFICER ,TRUE COPY// To'1 . The lncome_Tax Appellate Tribunal, Hyderabad ,,8,, Bench, Hyderabad.? 9n" 99 !o 9r! [Ch.Pushyam ][Kiran, ][Advocate (OpUC)]3. One CC to Sri B.Narasimha Sarma, SC for lncome Tax (OpUC)4. Two CD CopiesKj. x_- HIGH COURTOATEDi16l03l2021 for{:(JUDGMENT'7.ITTA.No.488 of 2011\"t),(-r"[I] ITTA D|SM|SSED AS WTTHDRAWN/NO COSTS.
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