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Itta/69/2024 Of Principal Commissioner Of Income Tax- 1 v. Nagam Dinakar Reddy

High Court 31 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/69/2024 Of Principal Commissioner Of Income Tax- 1 v. Nagam Dinakar Reddy
Date of order
31 Dec 2024
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/69/2024 Of Principal Commissioner Of Income Tax- 1 v. Nagam Dinakar Reddy, the High Court (2024) 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.

The order — as passed by the High Court

[ [3418 ][]] oF rN [rHE ][HrGH ][couRlffi$DrffiA?rl$E ] r u [s ][DAY;r+1i';rsffi ]'l[s"f;['-?{ [P53F* ][" ][*] PRESENT THE THE ANDTICE THE PEALNO[:69][o] [024] ETAX[TRtB] [ AP]IN[[coM]] IN[[coM]]260 [of the ][lncome ][Tax ][Act']Tribunal [APPeal under ][Section]lncome [Tax]daled22-12'2021 [on ][the ][file]017,rder [made in ][l'T ][A No ][529/HYd/2]1961 [against ][the O]Bench ['A"]HYderabad [for ][the]pellate [Tribunal' ][HYderabad]ApPealof the [lncome ][Tax ] Assessment [eat ][20][13-14, ][Preferred ][agal][nst][ the ][Order made ][in]No.0032/20'1 [5-16 dated][ 28-12-2016 ][on the ][file of the ][Commissioner of lncome ][Tax']Appeals [12, ][HYderab][ad ][Preferred ][against][ the ][Order made ][in ] No.ADEPNS214E, [dated][ 30-03-2015 on the file][ of ][DePutY ][Commissioner ][of ][lncome]Tax, Central [Circle ][2(4)' ][HYderabad] "t*"ila",o"l commissioner [of lncome ][Tax-1 ]' [Hyderabad] ...APPellant AND Nagam [Dinakar Reddv' ][#23C' ][Hill ][Ridge ][Villas' ][Gachibowli' Hyderabad] ...ResPondent Ms B Sapna [Reddy, ][Jr ][Standing ][Counsel]Counsel [for ][the APPellant]RepMrJVPrasadsi.'st"ttaing [Counsel ][for ][lncome Tax] Department '-'Counsel for the [ResPondent ][: ] The Court delivered [the ][following ][Judgment ][:] HON'BLETHEcEKHEANDHON'SRICE J.o INCOMETRIBAPPEAL No.69ot2o24 NT: (f'er the Hon'bb the Chief Justice Alok Aradhe) Ms. B.lJapna B.lJapnaReddy, learned Junior StandingCounsel Junior StandingCounsel representingMr. J.V.prasad, learned SeniorStanding Cou:rsel SeniorStanding Cou:rsel forIncome Tax Department for theappellant.appellant. 2. Learned .lunior Stalding Counsel for the appeJlaltseeks leave of this Court to withdraw the appeal in the lightof the Circular No.09/2024, d,ated 12.Og.2O24, with theliberty to revive the same in case the subject matter of theappeal falls in any of the exceptions provided in theCircular No.S 12024 dated 15.03.2024. 'JAccordingllr, the appeal is dismissed as withdrawn in terms of the liberty [as ]PraYed [for] / I shallMiscellaneous [aPPlications][ pending, ][if ][anY']A BHABHASKERstand [closed' ][However' ][there shall ][be ][no ord]Sd,- d,- [[,1.][er ][ VIJAY][as ][to costs'] shall A BHABHASKERSd,- d,- JO SEloN [o] ,TTRUE [COPY'/] SE 1. [The ][tncome Tax ][Appellate ][Tribunal' ][Hyderabad ][Bench'A ][' Hyderabad][[Hyderabad]][[Hyderabad]] To, 1. 2. [The ][Commissioner of ][lncome ][Tax' ][Appeals 12' ][[Hyderabad]]central 2. [The ][Commissioner of ][lncome ][Tax' ][Appeals 12' ][[Hyderabad]]central central [circle 2(4)' ][Hvderabad] 3. [rhe ][Deputv ]"o'nrn'"'onl':;';;;:;'-' *ol [tjnior ][standing ][counser ror ][rncome ][rax]"o'nrn'"'onl':;';;;:;'-' *ol [tjnior ][standing ][counser ror ][rncome ][rax]t 3:;S:,:X|lb'rur['f 3:;S:,:X|lb'rur['f Two [Copies] 5. VAJgh v) HIGH COURT DATED:31 tl2t2024 JUDGII,IENT lTIA.No.69 of 2024 DISMISSING THE ITTA AS WITHDRAWN Sl'I,{!:.,d0tIri,i2lil:ii--\+to)i,,1
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