The Commissioner Of Income Tax (Central) v. K.V.Ramakrishna Rao

HON'BLE SRI JUSTICE V.RAMASUBRAMANIAN AND HON'BLE SMT. JUSTICE T.RAJANI I.T.T.A. No.524 of 2017 Judgment: (per V.Ramasubramanian, J.) The Revenue has come up with the above appeal under Section 260A of the Income Tax Act, 1961, raising the following substantial questions of law:

(i) Whether on the facts and in the circumstances of the case the order of the Tribunal is perverse? and (ii) Whether on the facts and in the circumstances of the case the Tribunal is correct in law in holding that the method of accounting adopted by the assessee is correct method of accounting?

2. Heard Mr. J.V. Prasad, learned Senior Standing Counsel for the appellant.

3. The substantial questions of law raised by the Revenue in the above appeal are already answered against the appellant, in a batch of cases in I.T.T.A. No.436 of 2017 by order dated 18-7-2017. Therefore, following the same, the appeal is dismissed. The miscellaneous petitions, if any, pending in this appeal shall stand closed. No costs. ___________________________ V.RAMASUBRAMANIAN, J.

_____________ T.RAJANI, J.

21st August, 2017.

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HON'BLE SRI JUSTICE V.RAMASUBRAMANIAN AND HON'BLE SMT. JUSTICE T.RAJANI I.T.T.A. No.524 of 2017 (per VRS, J.) 21st August, 2017.

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