In Itta/7/2004 Of The Commissioner Of Income Tax v. Mr.konda Krishnam Raju, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, the appeal is dismissed as not pressed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HON’BLE SRI JUSTICE L. NARASIMHA REDDYANDHON’BLE SRI JUSTICE CHALLA KODANDA RAM
I.T.T.A No. 7 OF 2004
19-11-2014
BETWEEN
Commissioner of Income Tax, Rajahmundray
…Appellant
And
Konda Krishnam Raju
…..Respondent
HON’BLE SRI JUSTICE L. NARASIMHA REDDYANDHON’BLE SRI JUSTICE CHALLA KODANDA RAM
I.T.T.A No. 7 OF 2004
JUDGMENT:(per the Hon'ble Sri Justice L. Narasimha Reddy)
Learned counsel for the Revenue submits that the taximpact in this appeal is less than the amount stipulated by theCentral Board of Direct Taxes in its circular issued under Section268A of the Income Tax Act, 1961.
Hence, the appeal is dismissed as not pressed. There shallbe no order as to costs.
___________________________
L. NARASIMHA REDDY, J
19-11-2014ks
____________________________
CHALLA KODANDA RAM, J
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