HIGH COURT OF JUDICATURE AT HYDERABAD FOR THE STATE OF TELANGANA AND THE STATE OF ANDHRA PRADESH PRESENT THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A. NO.307 OF 2014 DATED:5.6.2014 Between:
The Commissioner of Income Tax – IV Hyderabad … Appellant And M/s. Liquidz India (P) Limited 3-6-290, B-505, Sai Tirumala Towers Hyderguda Hyderabad … Respondent THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A. NO.307 OF 2014 JUDGMENT: (per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) We have heard Sri J.V. Prasad, learned counsel appearing for the appellant – Revenue, and gone through the impugned judgment and order of the learned Tribunal.
The learned Tribunal, on the issue sought to be raised before us, found that pre-condition for imposition of penalty was not satisfied. That being a factual finding, we do not find any reason to interfere with the impugned judgment.
The appeal is therefore dismissed. There will be no order as to costs.
K.J. SENGUPTA, CJ SANJAY KUMAR, J 5.6.2014 bnr