THE COMMISSIONER OF INCOME TAX III HYDERABAD V. M/S. SRINIVASA FOOD AND FEEDS (P) LTD.,

ITTA/670/2006

AI Insights

This case involves an appeal by the Commissioner of Income Tax-III, Hyderabad against M/s. Srinivasa Food and Feeds (P) Ltd. concerning the assessment year 1997-98. The appeal was based on the order of the Income Tax Appellate Tribunal, Hyderabad Bench 'A', which had previously decided on the matter. The High Court of Telangana at Hyderabad, presided over by Hon'ble Justice P. Sam Koshy and Hon'ble Justice A. Laxmi Narayana, heard the arguments and decided to dismiss the appeal, upholding the decision of the lower tribunal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 720148 (HC-TELANGANA)
• Appeal Type: Others
• Pronouncement Date: 09-08-2023
• Assessment Year: misc
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: Y RATNAKAR
• Assessee Lawyers: J V PRASAD
• Keywords: Appeal; Assessment Year 1997-98; High Court; Income Tax; Income tax tribunal
• Section: 260A

Judgement Text

"[ 3386 ] IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD WEDNESDAY, THE NINTH DAY OF AUGUST TWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM.KOSHY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA INCOME TAX TRIBUNAL APPEAL No: 670 OF 2005 lncome Tax Tribunal Appeal Under Section 260A of the lncome Tax Act, 1961 arising out of the order of the lncometax Appellate Tribunal, Hyderabad Bench ' A' Hyderabad, in ITA No.492lHydl2o12, for Assessment year 1997-98 dated 31-1_ 2006 preferred against the Order of the Commissioner of Income Tax , (Appeals)-lV, Hyderabad, Appeal No. 374IJCSR-4/CtT(A)tV/01-02,dated:27-O3-2OO2, preferred against the Order of the Joint Commissioner of lncome Tax (ASSTS.), SpL. Range_ 4, Hyderabad, PAN/clR No. S-109, dated 20-01-2000. Between: The Commissioner of lncome Tax-lll, Hyderabad. ...APPELLANT AND M/s. Srinivasa Food and Feeds (P) Ltd., Srinivasa House, plot No. 1028, Road No.45, Jubilee Hills, Hyderabad. ,..RESPONDENT Counsel for the Appellant: Mr. J.V. PRASAD, Learned Senior Standing Counsel Counsel for the Respondent: SRI Y. RATNAKAR The Cotrt delivered the following: JUDGMENT HE HON'BLE SRI JUSTICE P.SAI T KOSH-T AND THI I]ON'BLE SRI JUSI'ICE A. LAXM]: NARI -ANA . No.67O of 2OO6 JLTDGMENT.,.,, . P SAlrt KOSHyi Heard I 1 ,i '. I)rasird. lcrrnecl Ser-rior Starrclin,p 1l ,un;el appcaring I{J.A 2. This :rJrp al undci been prcl, rrr',1 l:r tl.rt. dt.31.01.2()U() 1 ,r. scci b,. Bench 'A', I lvrlr a rir l, r n )997 9f. . 3. (-cn iriti I 20 19 dr.C8. Otj clr.L1.07.20tB bt tl'rc lncrtnt r: High Courls r;r r paragr:tph 12 o1 filrng all af,l)c.rl 4 In tlLr'. ts for : hc apPellzur 5. Ther clirrr thr: alot csi, trl l?r'r'errrrt as thc zrpi;el ant :ll( lr('onti 'la.r Appell: tc ,l r l'1', . o.,{92lH1.d/2002 il r tr, lri;1. l{1'derabad s:irtssmcnt Year S('( Lron -16()A of the IDC rme l:r, Ar:t, L?,lln.; I 196 l, has the order .'. ;.r1 of l)rrr:r.r .lirx,:s (CBD,f) has rssrred ( ir_crrlar No. I7 of Lr i!1, arncr)(hng, tho prcvious Cir<:uLu- No.3 of 2O1g 1 llrrthcr t'nlriurcrrrrg lllc monerilr ,- lirnrt; lor 11ing appeals r I-,cpartmcnt lrt:lllrc the Income l.:tr: . :r1.c lli re l -rbtrn:rls. St.rprerne Courl as .t rrr.tilsurc lc,r I e ,-l r<.Lng iitrqation In 'rt said Citr:ltlar. r,,.e ilnd that lhc rrr,)r.(t:: . limit ttxed fr.rr t ror,.: thr. l{igh Coirrl is [?s. ] 00 r:rorc rrt ,ipp( ill til'i arii (.1 ls (-ll beloi. ht. nt,,r. tt:rr r [imit l tr(' irpp('iii lllcd bv tltr, I)c,p.irtm(.nl is clis rrLssr.*.,t a - r +/ -::=;-''' {1 i. .r)., >,li , ,z \"i' 5 s 1' Ji .;il h:,! I -. i. . - "