The Tribunal dismissed the Revenue's appeal against an ITAT order because the tax impact fell below the limit stipulated under Section 268A of the Income Tax Act.
Appeal dismissed; miscellaneous petitions disposed of; no order as to costs.
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THE HON’BLE SRI JUSTICE L.NARASIMHA REDDY AND THE HON’BLE SRI JUSTICE T.SUNIL CHOWDARY I.T.T.A.No.80 of 2002
JUDGMENT: (Per LNR,J)
This appeal, at the instance of the Revenue, is preferred against the order, dated 19.11.2001, passed in I.T.A.No.702/Hyd/1996, by the Hyderabad Bench of the Income Tax Appellate Tribunal.
When the matter is taken up for hearing, learned Senior Standing Counsel, in all fairness, stated that the tax impact, in this case, is below the limit stipulated by the Government under Section 268A of the Income Tax Act.
Hence, the appeal is dismissed.
The miscellaneous petitions filed in this appeal shall also stand disposed of. There shall be no order as to costs.
____________________ L.NARASIMHA REDDY, J
T.SUNIL CHOWDARY, J
Date: 24.09.2014 JSU
THE HON’BLE SRI JUSTICE L.NARASIMHA REDDY AND
THE HON’BLE SRI JUSTICE T.SUNIL CHOWDARY
I.T.T.A.No.80 of 2002
Date: 24.09.2014 JSU
1 issue framed by the court
Whether the appeal should be dismissed given the tax impact is below the limit stipulated under Section 268A.
1 provisions across 1 enactments
Revenue
assessee
L.NARASIMHA REDDY
T.SUNIL CHOWDARY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
