We Are Not Inclined To Admit This Appeal For The Following Reasons v. Hence, This Appeal Is Dismissed. No Order As To Costs

HIGH COURT OF JUDICATURE AT HYDERABADFOR THE STATE OF TELANGANA AND THE STATE OF ANDHRAPRADESH THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR AND I.T.T.A. No. 331 of 2014 Date: 10.06.2014 Between: Commissioner of Income Tax-III,Hyderabad. … Appellant And Smt. Nimmagadda Sridevi … Respondent This Court made the following: THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTAANDTHE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A. No. 331 of 2014 JUDGMENT:(Per the Hon’ble The Chief Justice Sri Kalyan Jyoti Sengupta) We have heard Sri B.Narasimha Sarma, learned counsel for theappellant, and gone through the impugned judgment and order of thelearned Tribunal. We are not inclined to admit this appeal for the following reasons. While deciding the issue, whether, in the facts andcircumstances of the case, the assessee was entitled to deduction underSection 54-F of the Income Tax Act, 1961 (hereafter referred to as ‘theAct’), on fact, the learned Tribunal found that within the period mentionedunder Section 54-F of the Act after the transfer of the capital gains theinvestment was made. This has been settled by almost all the HighCourts, and one such judgment is of Karnataka High Court in the caseof C.I.T. v. J.R. Subrahmanya Bhatt[[1]]. When the impugned judgment isrendered by the Tribunal on appreciation of fact and findings thereon, thisCourt is nothing to do in its appellate jurisdiction as no point of law isinvolved in this matter. Hence, this appeal is dismissed. No order as to costs. ___________________ K.J. SENGUPTA, CJ Date: 10.06.2014 GBS [1]165 ITR 571 ___________________ SANJAY KUMAR, J