The Commissioner of Income-tax, Vijayawada v. Vijaya Sagar Wines
[Citation -2017-LL-1107-12]

Citation 2017-LL-1107-12
Appellant Name The Commissioner of Income-tax, Vijayawada
Respondent Name Vijaya Sagar Wines
Court HIGH COURT OF HYDERABAD FOR THE STATE OF TELANGANA AND THE STATE OF ANDHRA PRADESH
Relevant Act Income-tax
Date of Order 07/11/2017
Judgment View Judgment
Keyword Tags monetary limit


The Hon ble Sri Justice C.V.Nagarjuna Reddy and Hon ble Sri Justice Challa Kodanda Ram ITTA No.592 of 2017 Date: 07.11.2017 Between: Commissioner of Income-Tax, Vijayawada Appellant and M/s.Vijaya Sagar Wines Ramavaram Kothagudem Respondent Counsel for Appellant: Mr.J.V.Prasad, Senior Standing Counsel for Income Tax Dept., Court made following: CVNR, J & CKR, J 2 ITTA.No.592 of 2017 Dt: 07.11.2017 Judgment: (Per Hon ble Sri Justice C.V.Nagarjuna Reddy) issue as to, whether license in name of one partner could be treated as license in favour of firm as such , was decided by Income Tax Appellate Tribunal, SMC Bench, Hyderabad, in favour of respondent- assessee. Mr.J.V.Prasad, learned Senior Standing Counsel for Income Tax Department, submitted that in view of Circular No.21/2015 dated 10.12.2015, of Central Board of Direct Taxes, appellant does not intend to pursue this appeal as its value is below monetary limits prescribed therein. In view of above, Appeal is dismissed as not pressed. (C.V.Nagarjuna Reddy, J) (Challa Kodanda Ram, J) Dt: 7th November, 2017 msb/lur CVNR, J & CKR, J 3 ITTA.No.592 of 2017 Dt: 07.11.2017 Commissioner of Income-tax, Vijayawada v. Vijaya Sagar Wine
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