I N THE HI GH COURT FOR THE STATE OF TELANGANA AT HYDERABAD THE HONOURABLE SRI JUSTI CE P.SAM KOSHY AND THE HONOURABLE SRI JUSTI CE SUDDALA CHALAPATHI RAO I NCOME TAX TRI BUNAL APPEAL No.278 of 2010 DATE OF JUDGMENT: .12.2025 Between :

Mr. Sri Rajesh Rawtani.

…Appellant AND The Income Tax Officer, Ward 6(1), Hyderabad.

…Respondent JUDGMENT:

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

Heard Mr. Prudhviraj Mattepally, learned counsel appearing on behalf of Mr. K.Raji Reddy, learned counsel for the appellant / assessee; and Bokaro Sapna Reddy, learned Senior Standing Counsel for Income Tax Department appearing on behalf of the respondent / Revenue.

2. The instant appeal has been filed by the appellant / assessee under Section 260-A of the Income Tax Act, 1961 (for short ‘the Act’) assailing the order dated 18.12.2009, in I.T.A.No.719/Hyd/2008, passed by the Income Tax Appellate Tribunal, Hyderabad, Bench ‘A’ (for short the ‘ITAT’), for the assessment year 2004-05.

3. The question of law to be considered in the instant appeal is “whether the ITAT was correct in not following the contention of the appellant that the goods which remained unsold for the assessment years 2001-02 to 2003-04 from th