In Itta/556/2012 Of Commissioner Of Income Tax-Iii v. Vista Pharmaceuticals Limited, the High Court (2013) dismissed the appeal. The decision went in favour of the assessee.
Decision: Therefore, this appeal is dismissed. _____________________ K.J.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND
THE HON’BLE Ms. JUSTICE G. ROHINI
I.T.T.A. No.556 OF 2012
Date: 16.07.2013
Between:
Commissioner of Income Tax-II,Hyderabad.
….Appellant
And
Vista Pharmaceuticals Limited,
Hyderabad.
…Respondent
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAAND
THE HON’BLE Ms. JUSTICE G. ROHINI
I.T.T.A. No. 556 of 2012
ORDER:(Per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta)
We have heard Sri B.Narasimha Sarma, learned counsel for theappellant and gone through the impugned judgment and order of thelearned Tribunal.
It appears that the learned Tribunal on mixed question of fact andlaw found that the assessment order passed by the Assessing Officer was
not erroneous to hold the same being prejudicial to the interest ofrevenue.
In the circumstances, it is very clear that Section 263 of the IncomeTax Act was not complied with.
Therefore, this appeal is dismissed.
_____________________ K.J. SENGUPTA, CJ
Date: 16.07.2013KLP/ES
______________G. ROHINI, J
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