In Rc/76/2000 Of The Commissioner Of Income Tax v. Adoni Agrl.market Committee Adoni, the High Court (2012) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURAND
HON’BLE SHRI JUSTICE B.N.RAO NALLA
R.C.NO.76 OF 2000
DATED: 29.03.2012
Between
THE COMMISSIONER OF INCOME TAXVIJAYAWADA … Applicant
And
ADONI AGRICULTURALMARKET COMMITTEE,ADONI … Respondent
HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURANDHON’BLE SHRI JUSTICE B.N.RAO NALLA
R.C.NO.76 OF 2000
Order:(per Hon’ble the Chief Justice Shri Madan B. Lokur)
Learned counsel for the Revenue very frankly says that in viewof the decision of this court COMMISSIONER OF INCOME TAX vAGRICULTURAL MARKET COMMITTEE[[1]]the Reference is requiredto be answered in favour of the Assessee and against the Revenue. We do so, accordingly.
___________________
MADAN B. LOKUR, CJ
___________________
B.N.RAO NALLA, J
Dt: 29-03-2012
tnb
HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURANDHON’BLE SHRI JUSTICE B.N.RAO NALLA
R.C.NO.76 OF 2000
Order:(per Hon’ble the Chief Justice Shri Madan B. Lokur)
tnb
[1]143 ITR 1020 (AP)
DATED: 29-03-2012.
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