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Itta/80/2012 Of The Commissioner Of Income Tax-Iv v. Nagarjuna Aqua Exports Ltd

High Court 20 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/80/2012 Of The Commissioner Of Income Tax-Iv v. Nagarjuna Aqua Exports Ltd
Date of order
20 Dec 2024
Assessment year(s)
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In Itta/80/2012 Of The Commissioner Of Income Tax-Iv v. Nagarjuna Aqua Exports Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed as withdrawn in termsof the liberty as pr.ayed for.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH AT HYDERABAD FRIDAY, THE TWO THOUSAND PRESENT THE HONOURABLE ANDTHE HONOURABLE INCOME [T]AX [NO: ][80][ oF ][2012] Appeal under [section ][260-4' ][of ].the [lncome Tax ][Act-1961 ][' ][against]the order dated. [27-o6'20ciB ];;;;; [i; ][i ][t ] [r'ro ssrlH/06 ][for Assessment ][Year]2000-2001 [on ][tfe ][file ot ][t#l;Ion]" ][i'i ][npptrr't" ][Tribunal ][Hvderabad Benches]"B". Hvderabad preferred "dli"tiih" [oiJeiolieo-zr ][os ]commissioner [2006 ][oaised ][of ][in lTA No ][lncome ][rax][319]to 32ilAclr-16(1/clr(A)-v7itj0"d [H;';h" ][nr" ]"{tr'9 (Aooeals) - V, Hvderabad ;;;f""; [ll'intt ][fl't" ][Order dated ][22'022006 ][passed ][in]FXtUiiR/ No''AAACt\ft266";;'th;li; [oi-t,J ][assist"nt ][Commissioner ][of ][lncome]Tax, Circle [16(1), HYderabad'] Between: The Commissioner [of lncome ][Tax-lV, ][Hyderabad] ...APPELLANT AND Nagarjuna [Aqua Exports Ltd ][, ][6, Nagarjuna ][Hills' ][Punjagutta' Hyderabad-82] ...RESPONDENT Counsel [for ][the ][Appellant: ][SRI' J V PRASAD (SC FOR INCOME TAX)] Counsel for [the ][Respondent: ][Ms' ] [RAM']Learned [Counsel] The Court [delivered ][the ][following: ] THE HON'BLE THE CHIEF JUSTICE ALOK ARADHE AND THE HON'BLE SRI JUSTICE J.SREENryAS RAO INCOME TA)( TRIBUNAL APPEAL No.8O of 2Ot2 JUDGMENT: @er the Hon'ble the Chief Justice Alok Arod.he) Mr. J.V.Prasad, learned Senior Standing Counsel for Income TaxDepartment for the appellant. Ms. K.Prabhabati, learned counsel representing Mr. A.V.Raghu Ram, learned counsel for the respondent. 2. Learned Senior Standing Counsel for the appellant seeks ieave of this court to withdraw the appeal in the right of the circurarNo'09/2024, dated 17.o9.2024, with the liberty to reviv. the same incase the subject matter of the appeal falls in any of the exceptionsprovided in the Circula:. No.S/2024 dated 15.O3.2024. 3. Accordingly, the appeal is dismissed as withdrawn in termsof the liberty as pr.ayed for. MiscellaleorLs applications pending, if any, shall stand closed.However, there shall be no order as to costs. Sd/- K. SRINIVASA RAOJOINTEGlafRAR//TRUE COPY//5SECTION OFFICER \To 1The Income Tax Appellate Tribunal, Hyderabad Benches "8", Hyderabad2.The Commissioner of lncome Tax (Appeals) - V, Hyderabad.2.The Commissioner of lncome Tax (Appeals) - V, Hyderabad.3.The Assistant Commissioner of lncomb Tax, Circle i 6(1), Hyderabad.4.One CC to SRl. J V PRASAD, SC FOR TNCOME TAX t6p0clOne CC to SRl. A V RAGHU RAII/. Advocate IOPUC]rao 3Two CD Copiesl{{'n'sr,One CC to SRl. A V RAGHU RAII/. Advocate IOPUC]rao 3Two CD Copiesl{{'n'sr, HIGH COURT DATED:20112t2024 JUDGMENTlTTA.No.80 ot 2012 DISMISSING THE !.T.T.AAS WITHDRAWN I[G3Hf ][i][vds]tt ['.)]l.'ii,\gue ,tlt,t 6 0ol_,_ ../6\l/u, ^ ,..\.-
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