The Lncome Tax Officer, Ward-2, Nalgonda v. A. Siva Kartikeya

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY ,THE FIFTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE THE CHIEF JUSTICE UJJAL BHUYANANDTHE HON'BLE SRI JUSTICE N.TUKARAMJI INCOME TAX TRIBUNAL APPEAL NO: 82 OF 2006 Appeal Under Section 260A of the lncome Tax Act, 1961 aggrieved bythe order daled 28-07 -2005 of the lncome Tax Appellate Tribunal, HyderabadBench B Hyderabad in ITA No. 784 I Hydl 2004 ( Assessment Year 2000-01)preferred against the order of the Commissioner of lncome Tax ( Appeals ) Vl,1zth Floor, Gagan Vihar , M.J. Road, Hyderabad dated 29-07-2004 in Appeal No.0194^N-2, NLG / CIT (A) -Vl I 2003 -04 preferred against the order of theDeputy Commissioner ( Appeals ) of lncome Tax and Commissioner oflncome Tax (Appeals ) Vl, Hyderabad. Between: M/s. Mallikarjuna Rice lndustries, Choutuppal Mandal, Nalgonda ...APPELLANT AND The lncome Tax Officer, Ward-2, Nalgonda ...RESPONDENT Counsel for the Appellant: SRl. A. V. A. SIVA KARTIKEYA Counsel for the Respondent: SRI J V PRASAD (SC FOR INCOME TAX)The Court made the following: ORDER \ .III HON'BLE THE CI]IEF'JUSTTEE UIJA BEIT,Y4N AND ,[HE HON'BLE SRI.JUSTICE N.TU-KABA]UII I.T.T.A.N .82 ot 2006 JTIDGMENT 1P,r [tte ][Hon'bh ][rtte ][LttieJJtltLt,, ][r ][rjl.tl ]Btt,,itlt) I Iear< Mr. AV.A.Siva Kanikep, leamed r,)urLsel for theappellant; a r,l It,Ir. J.V.Prasad, leamed Smnding ,li,trnsel, IncomeIax Depanr rent for the respondent.appellant; a r,l It,Ir. J.V.Prasad, leamed Smnding ,li,trnsel, IncomeIax Depanr rent for the respondent. 2. l'his rppeal has been preferred by the :rrisessee as rhe;rppellant un ler Section 260-.4. of the Income ['Iax ].r\c::, 1961 (briefly'the Acr' her :inafter) againsr the order dated 28.0)'.llCO:i passed bythe Incomr Tax Appellate Tribunal, Hydcra raC Bench [,B,]Ilderabad (briefly 'Tribunal' hereinafter) in I.T.AIrIo.784lHp [/2004 ]for the assessmenr year 2CaO-2CO .3. Thoug r the appeal was admitted on 14 .03.2006, nosubsmntial q restion of law was framed. Howeve( [nrm the memocf appeal, w {ind that appellant has proposed th,: ollcwing twoquestions as : LLtrstantial questions of law: a) [\W ]trher on thc facts and in the circumstances ,rl- thecase, lu. l ribr-rnal is right rr sr.staining th,. reop,.r rrg ci \ lt t}re assessment under Section [148 ]of the Income [Tax ][Act,]1961 particula.ly when the onginal assessment [was]completed under Section 143(3) of the Act [?]b) Vhether the amount of Rural [Dcvelopment ][Cess]reimbuned by the Food Corporation of India [in]accordance wifi the provisions of [AP.Rural]Development Gss Act, 1996 b a trade [receipt ][and ][is]assessable as income when the [assessee ]did [not ][debit ][the]l.iabiliry to paycess to ihe PBrI Account [?] 4. Following our decision rendered today [in ]I.T.T'ANo.128 [of]2006, we answer this appeal in [favour ]of [the ][assessee ][and ][against]the revenue. Appeal is accordinglyallowed. No costs. 5 fu a sequel, miscellaneous petitions, [pending ][if ][aryr, stand] closed. Sd/- M. VIJAYA BHASKARJOINT REGISTRARsEcTloN oFFlcER //TRUE COPY// To, 1. The lncome Tax Appellate Tribunal, Hyderabad Bench B Hyderabad 2. The Commissioner of lncome Tax ( Appeals ) Vl, 12th Floor, Gagan ViharM.J. Road, HyderabadM.J. Road, Hyderabad 3. The Deputy Commissioner ( Appeals ) of lncome Tax and Commissioner oflncome Tax (Appeals ) Vl, Hyderabadlncome Tax (Appeals ) Vl, Hyderabad 4. One CC to SRl. A V A SIVA KARTIKEYA Advocate 5. One CC to SRl. J V PRASAD (SC FOR INCOME TAX) Advocate 6. Two'CD Copies J HIGH COURT DAfEt.D:151021202 [;] JUDGMENTITTA.ltlo.82 of 200 ALLO'WING THE I1 TAWITH()T]T COSTS.801\1[L}] -/ [::_---'=-': ][-.]-- .t i!': " rrlJ /, ..)'o,.lAIItr i'ri,l ?[?]