2022 (4) TMI 1691

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.... For The Respondent By : Shri Vijay Bhaskar Reddy, CIT-D.R. ORDER Per Shri S.S. Godara, J.M. : This assessee's appeal for Asst. Year 2016-17 arises from the Commissioner of Income Tax (Appeals)-11, Hyderabad's order dt.20.09.2021 passed in case No.10258/2019-20 in proceedings under Section 143(3) r.w.s. 153A of Income Tax Act, 1961 ('the Act').  Heard both sides. Case file perus....

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....and find merit in both parties' stands in principle. Case records prima facie suggest that hon'ble jurisdictional high court's common detailed judgment in W.P. Nos.11032, 11034 and 11037 of 2018 dt.16.08.2018 hereinabove has indeed quashed the Revenue's action in issue therein. The fact also remains that whether or not the assessee's capital asset forming subject matter of transfer herein ....