Itta/647/2014 Of Commissioner Of Income Tax-Ii v. M/S Gulf Oil Corporation Ltd

PRESENT THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDTHE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A. NO.647 OF 2014 DATED:29.10.2014Between:Commissioner of Income Tax-IIIT Towers, A.C. GuardsHyderabad … AppellantAndM/s. Gulf Oil corporation LimitedP.B. No.1, Sanath Nagar (I.E.)Kukatpally P.O., Hyderabad … Respondent THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDTHE HON’BLE SRI JUSTICE SANJAY KUMAR JUDGMENT:(per the Hon’ble The Chief Justice Sri Kalyan Jyoti Sengupta) We have heard Sri B. Narasimha Sarma, learned counsel for the appellant, andgone through the impugned judgment and order of the learned Tribunal. We are unable to admit the appeal on any ground as the learned Tribunal found thatthe preconditions for reopening of assessment under Section 148 of the Income TaxAct, 1961 are not satisfied. This fact finding has been arrived at by the Tribunal inparagraphs 9.5 and 9.6 of the impugned judgment. Hence, we dismiss the appeal. There will be no order as to costs. K.J. SENGUPTA, CJ ________________________ SANJAY KUMAR, J29.10.2014 bnr _______________________