Itta/571/2011 Of Commissioner Of Income Tax v. M/S.kakinada Co-Operative Town Bank Limited
High Court
28 Feb 2012 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/571/2011 Of Commissioner Of Income Tax v. M/S.kakinada Co-Operative Town Bank Limited
Date of order
28 Feb 2012
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/571/2011 Of Commissioner Of Income Tax v. M/S.kakinada Co-Operative Town Bank Limited, the High Court (2012) dismissed 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.
Sections referenced in this judgment
The order — as passed by the High Court
HONOURABLE THE CHIEF JUSTICE SHRI MADAN B.LOKURANDHONOURABLE SHRI JUSTICE SANJAY KUMAR
ITTA NO.571 OF 2011
DATED 28TH FEBRUARY, 2012
Between
Commissioner of Income-tax,Rajahmundry.
…Appellant
AND
M/s.Kakinada Co-operative Town Bank Limited,11-3-6, Veterinary Hospital Street,Ramarao Pet, Kakinada-533 004.
…Respondent
HONOURABLE THE CHIEF JUSTICE SHRI MADAN B.LOKURANDHONOURABLE SHRI JUSTICE SANJAY KUMAR
ITTA NO.571 OF 2011
JUDGMENT: (PER HON’BLE THE CHIEF JUSTICE SHRI MADAN B.LOKUR)
The Revenue is aggrieved by an order dated 29.10.2010 passedby the Income Tax Appellate Tribunal, Visakhapatnam Bench,Visakhapatnam, in M.A.Nos.133 to 138/Vizag/2010 arising out ofI.T.A.Nos.415 to 417 & 460 to 462/Vizag/2005.
2. The Income Tax Appellate Tribunal had passed an order ofwhich rectification was sought by the Revenue through an applicationfiled under Section 254(2) of the Income Tax Act, 1961. Theapplication was filed after four years from the date of the order passedby the Tribunal.
3. The Tribunal came to the conclusion that the application isbarred by limitation and therefore declined to entertain the application.4. We do not see any question of law much less a substantialquestion of law arising from this order.
5. Dismissed.
( MADAN B.LOKUR, CJ )
( SANJAY KUMAR, J )
28 FEBRUARY, 2012.
VGSR
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