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The Deputy Commissioner Of Lncome Tax-Ll, Hyderabad v. Prasad (Sc For Income Tax)The Court Delivered The Following: Judgment

High Court 30 Apr 2021 In favour of: Revenue
Forum / Bench
High Court · taphc
Parties
The Deputy Commissioner Of Lncome Tax-Ll, Hyderabad v. Prasad (Sc For Income Tax)The Court Delivered The Following: Judgment
Date of order
30 Apr 2021
Assessment year(s)
1998-1999
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In The Deputy Commissioner Of Lncome Tax-Ll, Hyderabad v. Prasad (Sc For Income Tax)The Court Delivered The Following: Judgment, the High Court (2021) dismissed the appeal. The decision went in favour of the Revenue.

Decision: No.655 of 2017 ,tt D(i\l[.\'I: (Per I'lon'ble Sri Jr"rstice [M.S. ][Ramachandra ][Rao)] l.earned counsel tbr the [appellant ][filed ][a letter ][d1.29-04-2021]belore the Registrar [(Judicial), ][High ][Court ][of ][Telangana, ][Hyderabad]seeking to rvithdraw this Appeal [stating that the dispute ][b...

Summary auto-generated from the order below — read the full judgment for the complete reasoning.
HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD FRIDAY, THE THIRTIETH DAY OF APRILTWO THOUSAND AND TWENTY ONE PRESENT THE HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAOANDTHE HONOURABLE SRI JUSTICE T.VINOD KUMAR INCOME TAX TRIBUNAL APPEAL NO: 655 OF 2017 lncome Tax Tribunal Appeal Under Section 260 of the lncome Tax Act, againstthe order of the lncome Tax Appellate Tribunal, Hyderabad Bench 'B', Hyderabad inlTA.No.1515/HYD/2016 for assessment year 1998-1999 dated 18.08.2013 preferredagainst the Order of the Commissioner for lncome Tax (Appeals)-V Hyderabad, AppealNo.056/DC-16(1!CIT(A)-V/2009-10 24.09.2010, prefened against the Order of theDeputy Commissioner of lncome Tax Circle-'16 (1 ) PAN/GlR.No.N-1 19/AAACN9513Edated 31.12.2008. Betwee n: Neuland Laboratories Limited, Rep. by its Chairman& Managing Director,DR.D.R.Rao S/o. D.Subba Rao R/o. Hyderabad ...APPELLANT AND The Deputy Commissioner of lncome Tax-ll, Hyderabad. .,,RESPONDENTS Counsel for the Appellant: SRl. K. VIVEK REDDY Counsel for the Respondent: SRl. J. V. PRASAD (SC FOR INCOME TAX)The Court delivered the following: JUDGMENT \ THE HONOURABLI, SRI [M.S.RAMACHANDRA ] AND THE HONIfURABLE SRI JUSTICE [T, ] I.T.T.A. No.655 of 2017 ,tt D(i\l[.\'I: (Per I'lon'ble Sri Jr"rstice [M.S. ][Ramachandra ][Rao)] l.earned counsel tbr the [appellant ][filed ][a letter ][d1.29-04-2021]belore the Registrar [(Judicial), ][High ][Court ][of ][Telangana, ][Hyderabad]seeking to rvithdraw this Appeal [stating that the dispute ][benveen ][the]appellant and the respondent [has ][beeu ][settled ][through ][Direct ][Tax]Vivad Se Vishwas Scheme, [2020 ][of ][the ][Central ][Govemment.] Recording the same, this [Appeal ][is dismissed ][as ][withdrawn. No]costs. As a sequel, miscellaneous [petitions pending, ][il ][any. ][in ][this]Appeal shall stand closed. Sd/. K.SRINIVAS JOINT REGISTRARGSECTION OFFICER //TRUE COPY// To, '! . The lncome Tax Appellate Tribunal, Hyderabad Bench ['8" ][Hyderabad']2. One CC to Sri. [K. ][Vivek ][Reddy, ][Advocate ][ ] 3. One CC to [Sri. ][J.\,/ ][Prasad (SC FOR ] [TAX) ] 4 Two CD CoPiesubr \\)b/--- HIGH COURT DATED: 30104111021 JUDGMENTITTA.No.655 ol'2017 DISMISSING THE ITTAAS WITHDRAWN6)* . +':.i i'.E sIA /{:./z+q(o1 0 [illi'l ][202'l]'1.,,--:.)-"
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