THE HONOURABLE SRI JUSTI CE P.SAM KOSHY AND THE HON’BLE SRI JUSTI CE NARSI NG RAO NANDI KONDA WRI T PETI TI ON Nos.27464, 27348 & 27390 of 2007

COMMON ORDER:

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

Heard Ms. D.Shalini, learned counsel, representing Mr. D.Srinivas Prasad, learned counsel for the petitioner; and Ms. Bokaro Sapna Reddy, learned Senior Standing Counsel for Income Tax Department, representing Mr. J.V. Prasad, learned Senior Standing Counsel for Income Tax Department for the respondents.

2. Since the issue involved in this batch of writ petitions and the parties to the dispute are also being the same, they are taken up for analogous hearing and decided by this Common Order.

3. For convenience, the facts in Writ Petition No.27464 of 2008 are discussed hereunder.

4. The instant Writ Petition has been filed by the petitioner under Article

226 of the Constitution of India seeking following reliefs:-

a) To correct the mistake in the Assessment Order dated 29.03.1994, for the assessment year 1991-92 in the light of the judgment of the Hon’ble Supreme Court passed in Civil Appeal No.2063 of 1999, dated 29.01.2002 and grant consequential relief by directing the respondents to pass f