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Itta/557/2012 Of Commissioner Of Income Tax - Iii v. M/S. Srini Pharmaceuticals Ltd

High Court 16 Jul 2013 In favour of: Assessee

Forum / Bench

High Court · taphc

Parties

Date of order

16 Jul 2013

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Itta/557/2012 Of Commissioner Of Income Tax - Iii v. M/S. Srini Pharmaceuticals Ltd, the High Court (2013) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the Income Tax Appeal is dismissed.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE Ms. JUSTICE G. ROHINI I.T.T.A. No.557 OF 2012 Date: 16.07.2013 Between: Commissioner of Income Tax-III, Hyderabad. ….Appellant And M/s. Srini 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. 557 of 2012 ORDER:(Per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) After hearing Sri B.Narasimha Sharma, learned counsel for theappellant and considering the fact, we do not find any reason to interferewith the order of the learned Tribunal. However, we remand the matter tothe Assessing Officer for the purpose of fresh computation of the tax afterverifying the same from the books of accounts. Accordingly, the Income Tax Appeal is dismissed. Date: 16.07.2013KLP/ES _____________________ K.J. SENGUPTA, CJ ______________G. ROHINI, J

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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