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Itta/98/2012 Of The Commissioner Of Income Tax Iv v. New Oriental Trawlers (P) Ltd

High Court 20 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · taphc
Parties
Itta/98/2012 Of The Commissioner Of Income Tax Iv v. New Oriental Trawlers (P) Ltd
Date of order
20 Dec 2024
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/98/2012 Of The Commissioner Of Income Tax Iv v. New Oriental Trawlers (P) Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed as withdlawn in termsof 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

HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD FRIDAY,THE TWENTIETH DAY OF DECETMBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HqNOURABLE THE CHIEF JUSTICE ALOK ARADHE ,ANDTHE HONOURABLE SRI JUSTICE J SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL NO: 98 OF 2012 (lncome Tax Tribunal Appeal under Section 260 A of the lncome Tax Act.,'196'1 against the order made in l.T.A.No.666/Hydl20O8, Dated 09.'10.2009 on the fileof the lncome Tax Appellate Tribunal, Hyderabad Bench ['B', ]Hyderabad, for theAssessment Year 2004-05 preferred against the order made in 1.T.A.No.0169/DC-16(1 )/C|T(A)-V :2006-07 Dated 29.01 .2008 on the file of the Commissioner of lncomeTax, (Appeals)-V, Hyderabad preferred against the Order made in PAN/GIRNo. /N-54, Dated 23.06.2006 on the file of Assistant Commissioner oflncome Tax Circle-1 6(1 ), Hyderabad.) Between: The Commissioner of lncome Tax lV, Hyderabad ...APPELLANT AND New Oriental Trawlers (P) Ltd., 1st Floor, 128, Srinagar Colony, Hyderabad ..,RESPONDENT Counsel for the Appellant: SRl. J V PRASAD(sc FoR rNcoME TAX) Counsel for the Respondent: SRI T.BALA MOHAN REDDY The Court made the following: ORDER \ THE HON'BLE THE CHIEF JUSTICE ALOK ARADHE AND THE HON'BLE SRI JUSTICE J.SREENTVAS RAO INCOME TAX TRIBUNAL APPEAL No.98 of 2OL2 JUDGMENT: (Per th.e Hon'ble tLrc Chief Justice Alok Aradhe) Mr. J.V.Prasad, learned Senior Standing Counsel for Income TaxDepartment for the appellant. 2. Learnr:d Senior Standing Counsel for the appellant seeks leave of this Court to withdraw the appeal in the light ol the CircularNo.O9 12024, datr:d 17.09.2024, with the liberty to revivr: the same incase the subject matter of the appeal falls in any of the exceptionsprovided in the Cjrcular No.S/2024 dated 15.03.2024 3. Accordingly, the appeal is dismissed as withdlawn in termsof the liberty as prayed for. Miscellaneo us applications pending, if any, shall stand closed. However, there slLall be no order as to costs Sd/- C.V. MALLIKARJUNA VARMAJOTNTTREGIgTRAR\ //TRUE COPY// SECTION OFFICER To,l. The Registrar, lncome Tax Appellate Tribunal, Hyderabad Bench 'B', Hyderabad 2. The Commissioner of lncome Tax, (Appeals)-V, Hyderabad 3. The Assistant Oommissioner of lncome Tax Circle-16(1), Hyderabad 4. One CC to Sri .J.V.Prasad, S.C for lncome Tax (OPUC)5. One CC to Sri [-[.Bala ]Mohan Reddy, Advocate (OPUC)6. Two CD Copies;Ks/gh5. One CC to Sri [-[.Bala ]Mohan Reddy, Advocate (OPUC)6. Two CD Copies;Ks/gh HIGH COURT DATED:2011212024 JUDGMENT l.T.T.A.No.98 of 2012 asDismissing the Appeal Withdrawn. Without costs. p6 * [s ][r'(t]!7,#dLT:ot|tif'(F&q\)oa)/it I ^l:
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