Itta/89/2004 Of The Commissionr Of Income Tax-I v. M/S.dasapalle Properties
High Court
10 Dec 2014 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/89/2004 Of The Commissionr Of Income Tax-I v. M/S.dasapalle Properties
Date of order
10 Dec 2014
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Itta/89/2004 Of The Commissionr Of Income Tax-I v. M/S.dasapalle Properties, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Decision: Hence, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
THE HON’BLE SRI JUSTICE L.NARASIMHA REDDYAND
THE HON’BLE SRI JUSTICE CHALLA KODANDA RAM
I.T.T.A.No.89 of 2004
JUDGMENT:(Per the Hon’ble Sri Justice L.Narasimha Reddy)
This appeal, at the instance of the Revenue, is preferred againstthe order, dated 02.07.2003, passed in I.T.A.No.72/Vizag/1998, by theIncome Tax Appellate Tribunal, Visakhapatnam.
When the matter is taken up for hearing, learned SeniorStanding Counsel, in all fairness, stated that the tax impact, in thiscase, is below the limit stipulated by the Government under Section268A of the Income Tax Act, 1961.
Hence, the appeal is dismissed. There shall be no order as tocosts.
The miscellaneous petitions filed in this appeal shall also standdisposed of.
____________________
L.NARASIMHA REDDY, J.
_____________________
CHALLA KODANDA RAM, J.
Date: 10.12.2014
va
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