2019 (3) TMI 140

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Respondent : Mr.A.S.Sriraman JUDGMENT T.S.SIVAGNANAM, J. This appeal, by the Revenue filed under Section 260A of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), is directed against the order passed by the Income Tax Appellate Tribunal Chennai Bench 'D' (for brevity "the Tribunal"), dated 13.01.2011 in I.T.A.No.1930/Mds/2010 for the assessment year 2007-08. 2.T....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ries Ltd.,?" 3.We have heard Mrs.R.Hemalatha, learned Senior Standing Counsel for the appellant; and Mr.A.S.Sriraman, learned counsel appearing for the respondent/assessee. 4.The Tribunal, while dismissing the appeal filed by the Revenue and confirming the order passed by the Commissioner of Income Tax (Appeals)-III, Chennai, (for brevity "the CIT(A)") dated 09.08.2010, followed the assessee....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Tribunal for the assessment year 2006- 2007, dated 23.04.2010. However, the learned counsel on either side submitted that they will produce the copy of the order passed by the Tribunal, dated 23.04.2010, and argue as to the correctness of the said order and the Court may test the same to arrive at a decision. 7.By consent, the said procedure was adopted and accordingly, We heard the appeal ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d the order passed for the assessment year 2006-07 and allowed the assessee's appeal. The Revenue filed appeal to the Tribunal against the order passed for the assessment year 2006-07. This appeal was dismissed by order dated 23.04.2010. 9.We have perused the said order passed by the Tribunal and we find that the Tribunal has analysed the entire transactions in great depth to confirm the....