Itta/71/2004 Of The Commissioner Of Income Tax-I v. Dr. Reddys Laboratories Ltd

THE HON'BLE SRI JUSTICE DILIP B.BHOSALE AND THE HON’BLE SRI JUSTICE A.RAMALINGESWARA RAO I.T.T.A. No.71 of 2004 JUDGMENT :(per Hon'ble Sri Justice Dilip B.Bhosale) This appeal was called out yesterday for ‘final hearing’, when learned counselfor the appellant, at the outset, invited our attention to the judgment dated12.11.2014 passed by the Division Bench in I.T.T.A. No.254 of 2003 in respect ofthe very same assessee and submitted that the question raised in that appeal and inthe instant appeal is identical, and therefore, this appeal may be disposed ofanswering the question in favour of the Revenue and against the assessee. Sincelearned counsel for the respondent had not seen the said judgment, he took time togo through the same. Accordingly, the appeal was adjourned. Today, learned counsel for the respondent fairly submits that this appeal canbe disposed of in terms of the judgment dated 12.11.2014 passed in I.T.T.A.No.254of 2003 answering the question as framed in the Memorandum of Appeal in favour ofthe Revenue and against the assessee. Thus, the appeal is allowed and disposed of as such, answering the questionraised in favour of the Revenue and against the assessee. No order as to costs. Miscellaneous petitions pending in the appeal, if any, also stand disposed of. __________________ Dilip B.Bhosale, J ________________________ 8[th] April, 2015. sur