Itta/700/2017 Of The Commissioner Of Income Tax, Vijayawada v. M/S. Padmavathi Mansion (P) Ltd., Vijayawada
High Court
21 Nov 2017 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/700/2017 Of The Commissioner Of Income Tax, Vijayawada v. M/S. Padmavathi Mansion (P) Ltd., Vijayawada
Date of order
21 Nov 2017
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/700/2017 Of The Commissioner Of Income Tax, Vijayawada v. M/S. Padmavathi Mansion (P) Ltd., Vijayawada, the High Court (2017) 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
The Hon’ble Sri Justice C.V.Nagarjuna Reddy
and
The Hon’ble Sri Justice T.Amarnath Goud
I.T.T.A. No.700 of 2017
Dt: 21-11-2017
Between: The Commissioner of Income Tax, Vijayawada ….Appellant and M/s.Padmavathi Mansion (P) Ltd., Vijayawada ….Respondent Counsel for the Appellant: Mr.J.V.Prasad, Sr.Standing Counsel for IT Dept., The Court made the following:
Judgment: (per Hon’ble Sri Justice C.V.Nagarjuna Reddy)
This Appeal is filed against Order, dated 29-09-2009, in ITA.No.993/Hyd/2003 on the file of the Income Tax Appellate Tribunal, Hyderabad Bench ‘B’ (SMC), Hyderabad.
At the hearing, Mr.J.V.Prasad, learned Senior Standing Counsel for Income Tax Department, submitted that the value of the appeal is below the monetary limit of Rs.20 lakhs as prescribed by the Central Board of Direct Taxes in Circular No.21/2015, dated 10.12.2015.
As this Appeal does not fall within the exceptions indicated in Para 8 of the aforesaid Circular, the same is dismissed.
______________________
(C.V.Nagarjuna Reddy, J)
Date: 21-11-2017 lur
___________________
(T.Amarnath Goud, J)
CVNR, J & TAG, J ITTA.No.700 of 2017 Dt: 21-11-2017
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