In Itta/656/2014 Of Commissioner Of Income Tax [Tds] v. M/S Margadarshi Chit Fund Pvt Ltd, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: We therefore dismiss this appeal.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTA
AND
THE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A No.656 of 2014
DATE: 24.10.2014
Between:Commissioner of Income Tax – (TDS),Hyderabad.… AppellantAndM/s. Margadarshi Chit Fund Pvt. Ltd.,Hyderabad.
… 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.656 of 2014
JUDGMENT:(per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta)
We have heard Mr.S.R. Ashok, learned Senior StandingCounsel for the appellant and gone through the impugned judgmentand order of the learned Tribunal. We do not see any reason to admitthis appeal. It has been noticed that the learned Tribunal has followedthe several pronouncements not only of the High Courts but also of theTribunal on the point involved.
We therefore dismiss this appeal. No costs.
_________________
K.J. SENGUPTA, CJ
Date: 24.10.2014va
_________________
SANJAY KUMAR, J
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