By Sri K v. Aravind, Advocate

IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE O/ DAY OF JANUARY, 2019. BEFORE. THE HON'BLE MR. JUSTICE RAVI MALIMATH AND| THE HON’ BLE MR.JUSTICE MOHAMMAD NAWAZ INCOME TAX APPEAL NO.2904 OF 2005 BEI|WEEN 1.THE COMMISSIONER OF INCOME-TAXCc. R. BUILDINGQUEENS ROADBENGALURU,Cc. R. BUILDINGQUEENS ROADBENGALURU, 2).THE DEPUTY COMMISSIONER OF INCOME-TAXCENTRAL CIRCLE-ICc. R. BUILDINGQUEENS ROADBENGALURU,CENTRAL CIRCLE-ICc. R. BUILDINGQUEENS ROADBENGALURU, _. APPELLANTS (BY SRI K. V. ARAVIND, ADVOCATE) AND= M/S. LAKSHMI ESTATENO.9, SESHADRI ROADBENGALURU, ... RESPONDENT THIS|INCOMETAXAPPEAL|ISFILEDUNDER|SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT|OF ORDER DATED 29.03.2005 PASSED IN INCOME TAX.APPEAL NO.93/BANG/2000, FOR THE ASSESSMENT YEAR|1989-1990, PRAYING TO FORMULATE THE SUBSTANTIAL|QUESTIONS OF LAW STATED ABOVE; ALLOW THE APPEAL|AND SET ASIDE THE ORDERS PASSED BY THE INCOME.TAX APPELLATE TRIBUNAL, BENGALURU IN INCOME TAX|APPEAL|NO.93/BANG/2000DATED29.03.7005|CONFIRMING THE ORDER PASSED BY THE APPELLATE.COMMISSIONER AND CONSEQUENTLY CONFIRM THELETTER ISSUED BY THE ASSESSING OFFICER DATED|14.09.1999 AND TO PASS SUCH OTHER SUITABLE.ORDERS AS THIS HON BLE COURT DEEMS FIT TO GRANT|IN THE FACTS AND CIRCUMSTANCES OF THE CASE IN THE.INTEREST OF JUSTICE AND EQUITY. AK AK THIS INCOME TAX APPEAL COMING ON FOR ORDERSTHIS|DAY,RAVI.MALIMATHJ,DELIVEREDTHE|FOLLOWING: JUDGMENT The learned Counsel for the appellants submit thatthe substantial question of law that arises for consideration in this appeal is covered by the judgment of this Court in-tne case of COMMISSIONER OF [INCOME TAX ANDANOTHER Vs. M/S LAKSHMI ESTATE in ITA No.2905 of| 2005 decided on 19.04.2010, wherein it is neld against the|assessee and in favour of tne revenue. 2).The submission of the learned counsel for the|appellants is placed on record.Tne appeal is accordingly disposed off.Sd/-Sd/-.JUDGEJUDGE *pgn/-—