THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A.No.535 of 2014 DATED:5.8.2014 Between:
Commissioner of Income Tax-III, Hyderabad.
And P.R. Gopala Krishna Reddy, Hyderabad.
… Appellant ….Respondent THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR
I.T.T.A.No.535 of 2014
Judgment : (per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) We dismiss the appeal as there is no element of law to be decided in this case as the learned Tribunal on fact found that the assessee explained that the property at Mysore has been purchased by his grand son, Sri Sravan Kumar by taking a loan of Rs.25.00 lakhs from him. Further the amount of Rs.2,75,000/- has been taken for registration and stamp duty from his wife. These are reflected in the books of accounts and substantiated by the assessee.
Therefore, the appeal is dismissed.
Consequently, the miscellaneous applications, if any pending, shall also stand closed. No costs.
K.J. SENGUPTA, CJ SANJAY KUMAR, J 5th August, 2014 pnb