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Itta/75/2021 Of Principal Commissioner Of Income Tax-1 v. M/S Annapurna Business Solutions

High Court 06 Jan 2025 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/75/2021 Of Principal Commissioner Of Income Tax-1 v. M/S Annapurna Business Solutions
Date of order
06 Jan 2025
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/75/2021 Of Principal Commissioner Of Income Tax-1 v. M/S Annapurna Business Solutions, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordir.rgly, the appeal is dismissed as withdrawn interms of the liberty as prayed for.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH AT HYDERABAD MONDAY, THE SIXTH TWO THOUSAND PRESENT THE HON'BLE THE [C]HIEF [ E ] AND THE HON'BLE [JUSTICE J. SREENIVAS RAO] INCOME TAX TRI [No: 75 ][ot ][2O2'l] AppealfiledunderSection260-AofthelncomeTaxAct,1961againsttheorderdatedlT-12-2o1gpassedinl.T.A.No.869/Hydl2ol5forAssessrnentyear2O1O-llonthefileofthelncomeTaxAppellateTribunal'Bench-B"Hyderabadpreferredagainsttheorderdated31-03-20,15passedinlTANo.269to274lClr(A)-12lHydt2014-15 [on the file ][of ][the ][commissioner ][of ][lncome ][Tax ][(Appeals) ][-12']Hyderabad [preferred against ][the ][Assessment ][Order ][passed ][in ][P'A ][N'/G'l'R']No.AAGFAS343QonthefileoftheDeputyCommissioneroflncomeTax,CentralCircle - 3, Hyderabad. Between: princioal Commissioner of lncome Tax-1, 7th Floor, [A-Block, ][l.T.Towers, ][A'C.]Guards, Masabtank, [Hyderabad - ][500 ][004'] ...APPellant ANDM/s Annapurna [Business Solutions, 6-3-866iA,.Suite ][No ][401 ]' [Maheswari ][Mekins]creenlanos [Road, Begumpet, ][Hvderabad ][PAN No']i,,L-y;;kEi;;;, AAGFAs343Q. ...ResPondent Counsel for the Appellant:Ms. [B. Sapna Reddy, ][Standing Counsel reptesenting]lvri. .1.v. [prasad, ][senior standing counsel for ][lncome ][Tax ][Department] Counsel for the [Respondent: ][M/s' ][A'V'A' ][Siva Kartikeya] The Court delivered [the ][following: ] I THE HON'BLETHEC HIEF JUSTICE ALOKARADHE AND THE HON'BLE SRI JUSTICE J.SREEN IVAS RAO INCOME TAX TRIBUNAL APPEAL No.75 of 2027 JUDGMENT: eer he Hon,bte the Chief Justice Atok Aradhe) Ms. )3.Sapna Reddy, learned Junior StandingCounsel representing Mr. J.V.prasad, learned SeniorStanding Counsel for Income Tax Department for theappellant. 2. Learne,C counsel for the appellant seeks leave of thisCourt to withdraw the appeal in the light of the C)ircularNo.O9/2024, dated 17.09.2024, with the liberty to revivethe same in case the subject matter of the appeai lalls inany of the e>rceptions provided in the Circu lar No.S/2O24dated 15.03.1t024. 3. Accordir.rgly, the appeal is dismissed as withdrawn interms of the liberty as prayed for. I/ ,fr Miscellaneous applications pending, if aly, shall stand closed. However, there shall be no order as to costs. A.V.S.S.C.S.M. SARMAJOINT REGISTRAR //TRUE COPY// SEION OFFICER To, '1. The lncome Tax Appellate Tribunal, Bench-'B', Hyderabad.The lncome Tax Appellate Tribunal, Bench-'B', Hyderabad. 2. The Commissioner of Income Tax [(Appeals) ]-12, [Hyderabad.] 3. The Deputy Commissioner of [lncome Tax, Central Circle ]- [3, ][Hyderabad.] 4. One CC to Mr. J.V. Prasad, [Senior Standing Counsel ][for ][lncome ][Tax]Department Department 5. One CC to Sri A.V.A. Siva [Kartikeya, ][Advocate ] 6. Two CD Copies Kam/ghol HIGH COURT DATED:06101t2025 JUDGMENT lTTA.No.75 of 2021 THE APPEAL ISDISMISSED ASWITHDRAWN s\,rb> irl [4r€]k(l{23 ' JAI'I [20?5]I"i:rt*l a/1i=ggj
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