Case LawHigh Court › Itta/506/2018 Of M/S Gayatri Infra Ventu...

Itta/506/2018 Of M/S Gayatri Infra Ventures Ltd v. Assistant Commissioner Of Income Tax

High Court 03 Mar 2021 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/506/2018 Of M/S Gayatri Infra Ventures Ltd v. Assistant Commissioner Of Income Tax
Date of order
03 Mar 2021
Assessment year(s)
Outcome
Allowed

Case summary

In Itta/506/2018 Of M/S Gayatri Infra Ventures Ltd v. Assistant Commissioner Of Income Tax, the High Court (2021) allowed 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 order — as passed by the High Court

IN THE HIGH COURT I ^, [Sfrr#.^Blt ] [oF ] WEDNESDAY, TI,ra il o "ii.l,LTlBr,flflr?; Ufl E " PRESENT SRI JIJI* rH E H o N o u R^ r,-, ..,iilF.t r* "r :milIl:: [*"]rH E H o N o u R^ r,-, ..,iilF.t r* "r :milIl:: [*"] THE HONOURABLE SRI JIJI LA. NO.1 0F 2021IN/ANDtNCOME TAXTRIBUNAL APPEAL NO: 506 0F 2018 ITTA NO. 506 0F 2018 (lncome Tax Tribunal Appeal Under 1961 against the order of the rncome Tax Apperate section 260 ( Tribunar, Hyderabad Bench A) of the Income Tax , Act,A ,,Hyderabad dated 1B-07-2018 in rvA No. 55/ Hvdr2olsarising out of rrA No. 1399 /Hydl 2016 (for assessment year 2o0g -10 ) preferred against the order of theCommissioner of lncome Tax ( Appeals ) _12 Hyderabad dated 30_06_2016 in AppealNo 01BB I 2014-1s preferred against the order of the Assistant commissioner oflncome Tax , circre -2 (3), Hyderabad PAN/GrR No.AADCG102BQ dated 2S-12-2011 ) lA NO: 1 OF 2021 Petition under Order 39 Rule 1 and 2 of CpC praying that in thecircumstances stated in the affidavit fired in support of the petition, the High courtmay be pleased to permit the petitio ner/a ppeila nt to withdraw the above appear inorder to avail the Vivad se Vishwas scheme in respect of subject dispute with aliberty to file fresh writ Petition in the event the dispute is not setfled under the saidscheme.liberty to file fresh writ Petition in the event the dispute is not setfled under the saidscheme. Between: M/s- Gayatri l1f1a- !91tqr9s Limited, 6-3-i090, TSR Towers, Raj Bhavan Raod,Hy^derabad (iAN AADCGJ-028Q).rep by Sri T.V.Sandeeep'Kumar Reddy, S/oT.Subbarami Reddy, aged 52yrs, Occ. Buiiness,6-3-1090, TS'RTowers, Raj dhavanRoad, Hyderabad. ...AppellanU Appellant AND Assistant Commissioner of lncome Tax, Circle 2(3) Hyderabad ...RESPONDENT/ Respondent Counsel for the Appellant: SRI M. NAGA RAGHUCounsel for the Respondent: SMT K. MAMATAThe Court delivered the following: JUDGMENT \ .THE SRI JI.JSTICI]' M'S'RAMACHANDRA HONOURABI,I', HONOURABI,I', ANt) .I'HE HONOUI1ABLE SI{I JT-]STICIi 1.. VINOD KUMAR l.A.No.l of [2021] in /a ncl l. l-.'l .A.lio.S()b of [2{l ] [8] JLl)riNl!.N'I:[(Pcr ][tlon'ble ][Sri ][Jtrstice ][M.S. ][Ramachandra Rao)] Leamed counsel fbr appellant sceks [to u'ithdraw ][this Appeal ][to]approach thc respondents uttcler the Direct [l ]axes [(\'ivacl ][Se ][Vishwas)]Act, 2020. Ilaving legai'd ro the said siibrnission, this appeal is dismissedas withdrawn with liberty to irpproach this Courr. in the event there isno resolution r:fl the dispute ol the pe-ritiorrer rvith the Departmentunder the said Act. I.A.No. 1 of 21 is aiso allowed. No costs. As a sequel, misr.elianeou:r petiti(,ns pi:nding, il'ony, shall stanclcioscd. SD/-K.SRINIVASA JOINT REGISJRARf-/ //TRUE COPY' SECTION OFFICER To, '1 . The lncome Tax Appellate Tribunal, Hyderabad Bench [' ]A [', ][Hyderabad]z. f fre OrOer of the iommissioner [of ][lnc6me ][Tax ][( ][Appeals ][) ][-12 ][, ][Hyderabad]5. tfre nssistant Commissioner [of lncome ][Tax' ][Circle 2(3), ][Hyderabad]4. One CC to Sri. [tr/. ]Naga [Raghu, ][Advocate ]IOPUC]5. One CC to Smt. K. It/amata, Advocate 6. Two CD Copiesgbr\N1 HIGH DATED:0310312021 JUDGMENT l.A. NO.1 0F 2021 IN/AND ITTA.No.506 of 2018 ALLOWING THE I.A. NO. 'I OF [2021]AND DISMISSING THE ITTA AS [WITHDRAWN.] Q,X;
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