THE HON’BLE SRI JUSTI CE P.SAM KOSHY AND THE HON’BLE SRI JUSTI CE NARSI NG RAO NANDI KONDA I NCOME TAX TRI BUNAL APPEAL No.208 of 2008; I NCOME TAX TRI BUNAL APPEAL No.151 of 2010;

AND I NCOME TAX TRI BUNAL APPEAL No.152 of 2010

COMMON JUDGMENT

(per the Hon’ble Sri Justice P.Sam Koshy)

Since the issue involved in these three appeals and the question of law raised also being the same, they are decided by this common judgment.

2. Heard Mr. A.V.A. Siva Kartikeya, learned counsel, representing Mr. A.V. Krishna Koundinya, learned counsel for the appellants/ assessee, and Ms. K. Mamata, learned Standing Counsel for Income Tax Department, representing Mr. B. Narasimha Sarma, learned counsel for respondent.

3. I.T.T.A.No.208 of 2008 is filed under Section 260A of the Income Tax Act, 1961 (for short, ‘the Act’) assailing the order dated 19.12.2007 in ITA.No.1107/Hyd/2007 passed by the Income Tax Appellate Tribunal (for short, the ‘ITAT’) for the assessment year 2000- 01. I.T.TA.No.151 of 2010 and I.T.T.A.No.152 of 2010 are also filed under Section 260A of the Act assailing the orders dated 08.08.2008 in ITA.No726/Hyd/2006 & ITA.No.59/Hyd/2008 passed by the ITAT for the assessment years 2003-04