Allowed
Commissioner of Income Tax, v. Agricultural Market Committee
Telangana HCITTA/438/2012
Case brief
AI extract
What is this about?
The court allowed the Revenue's appeal against the Income Tax Appellate Tribunal's order, setting it aside. The original assessment order dated 26.12.2007 for assessment year 2003-04 was restored based on the precedent CIT V. Agriculture Market Committee (AP).
What did the court decide?
Order of ITAT set aside; assessment order dated 26.12.2007 restored and operative.