Itta/739/2014 Of The Commissioner Of Income Tax [Central] v. Hetero Labs Ltd
High Court
31 Dec 2014 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/739/2014 Of The Commissioner Of Income Tax [Central] v. Hetero Labs Ltd
Date of order
31 Dec 2014
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/739/2014 Of The Commissioner Of Income Tax [Central] v. Hetero Labs Ltd, the High Court (2014) 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 THE CHIEF JUSTICE SRI KALYAN JYOTISENGUPTAAND
THE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A. No. 739 of 2014
DATE: 31.12.2014
Between:The Commissioner of Income Tax,Hyderabad.
… Appellant
AndHetero Labs Ltd.,Hyderabad.
… Respondents
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. 739 of 2014
Judgment:(per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta)
The appeal is dismissed as the learned Tribunal found that theCommissioner of Income Tax has exercised the jurisdiction underSection 263 of the Income Tax Act on two possible views. By theorder, the Commissioner wanted to substitute his views, which is notlegally permissible. The learned Tribunal has followed the correctposition of law. We do not find any element of law to admit this appeal.
Consequently, pending miscellaneous petitions, if any, shallalso stand closed. No costs.
_________________
K.J. SENGUPTA, CJ
Date: 31stDecember, 2014pnb
_________________
SANJAY KUMAR, J
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