Itta/580/2014 Of Commissioner Of Income Tax-V v. Sri B.venu Madhav
High Court
04 Sep 2014 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/580/2014 Of Commissioner Of Income Tax-V v. Sri B.venu Madhav
Date of order
04 Sep 2014
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/580/2014 Of Commissioner Of Income Tax-V v. Sri B.venu Madhav, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: This appeal is accordingly 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 JYOTISENGUPTA
AND
THE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A No.580 of 2014
DATE: 04.09.2014
Between:The Commissioner of Income Tax - V,Hyderabad.AndSri B. Venu Mandhav,Hyderabad.
… Appellant
… Respondent
This Court made the following:
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTAANDTHE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A. No.580 of 2014
ORDER:(per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta)
We are not inclined to admit the appeal. We find that thelearned Tribunal has taken the correct legal position by holding thatthe mere activity of the assessee is not business. While so holding, itrelied on number of authorities, namely, the judgments and principleslaid down by the Tribunal and various High Courts as mentioned inparagraph 14.
This appeal is accordingly dismissed. No costs.
_________________
K.J. SENGUPTA, CJ
Date: 04.09.2014va
_________________
SANJAY KUMAR, J
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