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Itta/559/2013 Of Commissioner Of Income Tax-V v. M/S Jagadamba Pearls Dealers

High Court 06 Jan 2025 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/559/2013 Of Commissioner Of Income Tax-V v. M/S Jagadamba Pearls Dealers
Date of order
06 Jan 2025
Assessment year(s)
2009-10
Outcome
Dismissed

Case summary

In Itta/559/2013 Of Commissioner Of Income Tax-V v. M/S Jagadamba Pearls Dealers, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed as withdrawn interms of the liberty as prayed for. l{ Miscellaneous applications pending, if any, shall stand closed.

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 FOR THE STATE OF TELANGANAAT HYDERABAD Mgllg4Y, THE StXrH DAY OF JANUARYTwo rHousAND AND rwerurv rivE-' PRESENT THE HONOURABLE THE CHIEF JUSTICE ALOK ARADHEANDTHE HONOURABLE SRI JUSTICE J. SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL NO: 559 oF 2013 Appeal fired under section 260-4 of 'the rncome Tax Act, 1961 against theorder dated 17.06-2013 passed in r.T-A.No. 92/Hydr2012for Assessment year 2009-10 0n the fire of the lncome Tax Apperate Tribunar, Bench-,, Hyderabad preferredagainst the order dated 30.12.2011 passed in rrA. No. 1245rDctr cc-4lcrr(A)_vlll2010-11 on the fire of the commissioner of rncome Tax (Appears) - Vil,Hyderabad preferred against the Assessment order dated 31.12.2010 passed inPANiGIR No.AAOFSOO38E on the fire of the Deputy commissioner of rncome Tax,Central Circle -, Hyderabad.Between: Commissioner of lncome Tax_V, lT Towers, A.C. Guards, Hyderabad. ...Appeltant AND M/s Jagadamba [pearrs ]Dearers, 7-2-7ss, post Market, secunderabad. ...Respondent. Counsel for the Appellant : Ms. B. Sapana Reddy Junior Standing Counsel i o r sra n d i n gt"iff ::illi ,l:l,i J;ll1i3x,i,il Counsel for the Respondent : Sri A.V. Raghu Ram The Court delivered the following: THE HON'BLE THE CHIEF JUSTICE ALOK ARADHEANDTHE HON'BLE SRI JUSTICE J.SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL No.559 of 2013 JUDGMENT: Per the Hon'ble the Chief Justi@ AIok Aradhe) Ms. B.Sapna Reddy, learned Junior StandingCounsel representing Mr. J.V.Prasad, learned SeniorStanding Cc,unsel for Income Tax Department for theappellant2. Learned counsel for the appellant seeks leave of thisCourt to withdraw the appeal in the light of the CircularNo.O9/2O2a, dated 17.09.2024, wtthr the liberty to revivethe same in case the subject matter of the appeal lalls inany of the exceptions provided in the Circulat No.5/2O24dated 15.03.11024. 3. Accordingly, the appeal is dismissed as withdrawn interms of the liberty as prayed for. l{ Miscellaneous applications pending, if any, shall stand closed. However, there shall be no order as to costs. Sd/. K. SRINIVASA RAOT REGISTRAR //TRUE COPYII \ TION OFFICE To, 1The lncome Tax Aooellate Tribunal,^Bench_B, Hyderabad preferred. 2The Commissionei of tncome Tax (Appealsf_ Vif JThe Deputy Commissioner of f ncline [-Tax','Central ], ffyO"raO"O.Circle _ ,JThe Deputy Commissioner of f ncline [-Tax','Central ], ffyO"raO"O.Circle _ ,Hyderabad.4One CC to One CC to tvlr. J.V. prasad Senior Standing Counsel forSenior Standing Counsel forlncome Tax Department 5.One CC to Sri A.V. Raohu Ram, Rdvocate IOPUCIRdvocate IOPUCI6.Two CD CopiesDUgh o HIGH COURT DATED:06/01/2025 JUDGMENT|TTA.No.SS9 of 2O13 APPEAL IS DISMISSED AS WTHDRAWN a 51rT I AA-Li-b 9]i:r .I .\ -lO .l-t//o-tDPffl J
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