Commissioner of Income Tax-2, vs. Agricultural Market Committee,
ITTA/153/2011HC Telangana20 Apr 2011
Bench: : The Hon’Ble Justice Surya Prakash Kesarwani & The Hon’Ble Justice Rajarshi Bharadwaj Date : 28Th February 2024. Appearance: Mr. J. P. Khaitan, Senior Advocate Mr. Somak Basu, Advocate … For The Appellant. Mr. Vipul Kundalia, Advocate Mr. Anurag Roy, Advocate Ms. Oindrila Ghosal, Advocate … For The Respondent. 1. Heard Sri J. P. Khaitan, Learned Senior Advocate Assisted By Sri Somak Basu, Learned Counsel For The Appellant Assessee & Vipul Kundalia, Learned Senior Standing Counsel For The Respondent. 2. This Appeal Was Admitted By This Court By Order Dated 19.08.2011 On Four Substantial Questions Of Law. Learned Counsel For The Appellant Has Stated That The Appellant Does Not Want To Press The Substantial
Section 143(3)Section 14ASection 201Section 80M
capital
was a common pool, out of which purchases/investments were made
from time to time and were also sold. Therefore, the inference drawn by
the fact finding authorities that the entire investment in tax free bonds
were from the borrowed finance, is apparently incorrect and perverse.
12. In view of the facts aforenoted, the findings recorded by the ITAT
