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Income Tax Appellate Tribunal, HYDERABAD ‘ A ‘ BENCH, HYDERABAD.
Before: SHRI S.S. GODARA & SHRI LAXMI PRASAD SAHU
O R D E R Per Shri S.S. Godara, J.M. : This assessee’s appeal for Asst. Year 2014-15 arises from the Commissioner of Income Tax (Appeals)-9, Hyderabad’s order dt.25.07.2019 passed in case No.10425/CIT(A)-9/Hyd/2018-19 in proceedings under Section 144 of Income Tax Act, 1961 (‘the Act’).
Heard both the parties. Case file perused.
Coming to the Revenue’s sole substantive grounds that the CIT(A) has erred in law and on facts in holding that the assessee is entitled for 10(1) exemption of its income derived from sale of agriculture produce; both the learned representatives took us to detailed lower appellate discussion to this effect reading as under :
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3. Suffice to say, it has come on record that this tribunal’s co-ordinate bench order in assessee's case (ITA No.909/Hyd/2015) itself has settled the issue that such an income derived from agricultural operations is entitled for section 10(1) exemption. No distinction on facts or law has come Revenue’s side. We therefore adopt judicial consistency to confirm the CIT(A)’s order.
No other ground has been pressed before us.
4. This Revenue’s appeal is dismissed.
Order pronounced in the open court on 23rd Aug., 2021. Sd/- Sd/- (LAXMI PRASAD SAHU) (S.S. GODARA) Accountant Member Judicial Member Hyderabad, Dt. 23.08.2021. * Reddy gp Copy to : M/s. Super Agriseeds Pvt. Ltd., 8-3-1503, 5th Floor, Aakash Ganga, Plot 1. No.144, Srinagar Colony, Hyderabad-500 073 2. DCIT, Circle 3(2), Hyderabad.
Pr. C I T-3, Hyderabad.
CIT(Appeals)-9, Hyderabad.
DR, ITAT, Hyderabad.