In Itta/509/2014 Of The Commissioner Of Income Tax-I v. Adaptec India Limited, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, this appeal is also dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT HYDERABADFOR THE STATE OF TELANGANA AND THE STATE OF ANDHRAPRADESH
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA
AND
THE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A. No. 509 of 2014
Date: 01.08.2014
Between:
The Commissioner of Income Tax-I,Hyderabad.
… Appellant
And
M/s. Adaptec India Ltd.,Hyderabad.
… Respondent
This Court made the following:
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDTHE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A. No. 509 of 2014
JUDGMENT:(Per the Hon’ble The Chief Justice Sri Kalyan Jyoti Sengupta)
It is submitted by Sri Prasad, learned counsel for the appellant,that on identical issue this Court was pleased to dismiss appeal beingITTA.No.305 of 2014 on 05.06.2014.
Hence, this appeal is also dismissed. No order as to costs.
___________________
K.J. SENGUPTA, CJ
Date: 01.08.2014ES
___________________
SANJAY KUMAR, J
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