Itta/95/2013 Of Commissioner Of Income Tax-Ii v. R.venkateswara Rao

IN THE HIGH COURT OF JUDICATURE, ANDHRAPRADESH AT HYDERABAD WEDNESDAY, THE TWENTY SIXTH DAY OFJUNE TWO THOUSAND AND THIRTEEN PRESENT THE HON’BLE THE CHIEF JUSTICESRI KALYAN JYOTI SEN GUPTA AND THE HON'BLE MS. JUSTICE G.ROHINI I.T.T.A. No.95 OF 2013 Between: Commissioner of Income Tax-IIHyderabad. ..... Appellant AND R.Venkateswara Rao .....Respondent The Court made the following : JUDGMENT:(per the Hon’ble the Chief Justice Sri K.J. Sengupta) Having heard the learned counsel for the appellantand after going through the impugned judgment andorder, we are of the view that no law point is involved in this appeal. The learned Tribunal has held that thespeculation loss of Rs.14,80,914/- cannot be carriedforward to future assessment years. In view of this finding,we feel nothing wrong on the part of the Tribunal indismissing the appeal filed by the revenue. Consequently, the appeal is dismissed. No order asto costs. _______________________ Kalyan Jyoti Sengupta, CJ. June 26, 2013MAS __________G.Rohini, J.