THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A No.580 of 2014 DATE: 04.09.2014 Between:
The Commissioner of Income Tax - V, Hyderabad.
… Appellant And Sri B. Venu Mandhav, Hyderabad.
… Respondent This Court made the following:
THE HON’BLE THE CHIEF JUSTICE SRI KALYAN JYOTI SENGUPTA AND THE HON’BLE SRI JUSTICE SANJAY KUMAR I.T.T.A. No.580 of 2014 ORDER: (per the Hon’ble the Chief Justice Sri Kalyan Jyoti Sengupta) We are not inclined to admit the appeal. We find that the learned Tribunal has taken the correct legal position by holding that the mere activity of the assessee is not business. While so holding, it relied on number of authorities, namely, the judgments and principles laid down by the Tribunal and various High Courts as mentioned in paragraph 14.
This appeal is accordingly dismissed. No costs.
K.J. SENGUPTA, CJ SANJAY KUMAR, J Date: 04.09.2014 va