THE ITO,, VIJAYAWADA vs. SRI M.N.S.VENKATESWARA RAO,, VIJAYAWADA
In the result, appeal of the revenue is dismissed
ITA 19/VIZ/2017[2006-2007]Status: DisposedITAT Visakhapatnam28 Feb 2018AY 2006-2007
Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अऩीऱ सं./I.T.A.No.19/Viz/2017 (ननधधारणवषा/Assessment Year:2006-07) The Ito, Ward-3(1) Vs. Sri M.N.S.Venkateswara Rao Central Revenue Building D.No.28-17-17, 1St Floor M.G.Road Rama Mandiram Street Vijayawada Arundalpet Vijayawada [Pan :Atapm2301L] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Shri P.S.Murthy, Dr प्रत्यथी की ओर से / Respondent By : Shri D.L.Narasimha Rao, Ar सुनवधई की तधरीख / Date Of Hearing : 23.02.2018 घोषणा की तारीख/Date Of Pronouncement 28.02.2018 :
For Appellant: Shri P.S.Murthy, DRFor Respondent: Shri D.L.Narasimha Rao, AR
Section 154Section 88E
gains of business or Profession arising from taxable securities transactions only. Here, in this case the income offered is business income only and not the income from taxable securities transactions. Hence rebate u/s 88E is not allowable. In
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Sri M.N.S.Venkateswara Rao, Vijayawada
these circumstances, the claim for rebate u/s 88E is disallowed.”
3. Aggrieved by the order
