The Commissioner of Income Tax-IV vs. M/s Pokarna Limited

The appeals are dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

Short Term Capital Gain at Rs.6,34,26,274/- and levied Capital Tax on the said amount

The Commissioner of Income Tax-III vs. M/s. Sanghi Textiles Limited

The appeal is allowed setting aside

Bench: P.SAM KOSHY,SUDDALA CHALAPATHI RAO

short 'CIT(A)) in ITA.No.2 Lgg lcc- 1/cIT(A)v (cent.) /2000-01 . The CIT(A) uid.e order dt. 19.03.2001, deleted the addition holding that as the said amount was received. for revivat of a sick unit, it constitutes a capital receipt and. not a J i I I I i 5 revenue receipt and directed the Assessing Authority

M/S.P.SATYANARAYANA AND SONS vs. INCOME TAX OFFICER, WARD 1[9], HYDERABAD

Appeals are allowed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

short hereinafter referred to as ‘the Act’) from the remittances made to a non-resident. 2. The substantial question of law that arises for consideration in these appeals is as under:- Whether the Tribunal was correct in holding that the payments made by the assessee for utilizing intranet facilities provided by the non-resident assessee is not liable

M/S NATIONAL ACADEMY OF CONSTRUCTION vs. ASST. DIRECTOR OF INCOME TAX

Bench: P.SAM KOSHY,LAXMI NARAYANA ALISHETTY

short, 'the Tribunal') in I.T.A.T.No. 1067 IHYD /2OOS decided on 30.06.2006 for the Assessment Year 2OO2-2OO3. 3. Vide the impugned order, the Tribunal disrnissed the appeal of the appellant-assessee aflirming the order passed by the Commissioner of Income Tax (Appeals) - IV, Hyderabad, dated O7.O4.2O05, who in turn had affirmed the order passed by the Assessrrrent Offrcer dated