Case Law › High Court › Commissioner Of Income Tax v. Tulsyan Ne...

Commissioner Of Income Tax v. Tulsyan Nect Ltd

High Court 16 Oct 2012 In favour of: Assessee

Forum / Bench

High Court · karnataka_bng_old

Parties

Date of order

16 Oct 2012

Assessment year(s)

2001-2002, 2002-2003

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In Commissioner Of Income Tax v. Tulsyan Nect Ltd, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

IN THE HIGH COURT OF KARNATAKA, BANGALORE DATED THIS THE 16 DAY OF OCTOBER, 2012 PRESENT THR HON'BLE MR. JUSTICE K.SREBDHAR RAO ANT) THR HON'BLE MR. JUSTICE B.V.PINTO 1.T.A. No.345 OF 2007C/w.I.T.A.No.346/2007 1.T.A. No.345 OF 2007:mBBRITIWE! 1.The Commissioner of Income Tax, Central Circle, C.R. Building, Queens Road,Bangalore.Bangalore. 2.The Asst. Commissioner of Income Tax (Intl. Taxn.), Circle-19(1),Bangalore.Circle-19(1),Bangalore. Appellants (By Sri K.V.Aravind, Advocate) AND:! Bank Muscat 8.A.0O.G.,P.O. Box No.134,.P.C.112,| Ruwi,Sultanate of Oman.Sultanate of Oman. Respondent (By Sri K.S. Ramabhadran, Advocate) This I.T.A. is filed U/s.260-A of I.T. Act, 1961 arising|Outotorder.dated09.11.2006|passedinI.T.A.No.3685/Bang/2004, for the Assessment Year 2001-2002, praying that this Hon’ble Court may be pleased to |(i) formulate the substantial questions of law stated thereinand (ii) allow the appeal and set-aside the order of the ITAT,Bangalore in ITA No.3685/Bang/2004 dated 09.11.2006 andconfirm the order passed by the Assistant Commissioner ofIncome Tax, (Intl. Taxn.), Circle-19(1), Bangalore, in theinterest of justice and equity. 1L.T.A. No.346 OF 2007 BETWEEN:! 1.)The Commissioner of Income Tax,Central Circle,C.R. Building,Queens Road,Bangalore. iaThe Asst. Commissioner of Income Tax (Intl. Taxn.),Circle-19(1),Bangalore. Appellants (By Sri K.V.Aravind, Advocate) ANT)! Bank Muscat 8.A.O.G., P.O. Box No.134,.P.C.112,|Ruwi,Sultanate of Oman. Respondent. (By Sri K.S. Ramabhadran, Advocate) This I.T.A. is filed U/s.260-A of I.T. Act, 1961 arising|OUTotorderdated09.11.2006|passedin I.T.A.No.3686/Bang/2004, for the Assessment Year 2002-2003, praying that this Hon’ble Court may be pleased to |(i) formulate the substantial questions of law stated thereinand (ii) allow the appeal and set-aside the order of the ITAT,Bangalore in ITA No.3686/Bang/2004 dated 09.11.2006 andconfirm the order passed by the Assistant Commissioner ofIncome Tax, (Intl. Taxn.), Circle-19(1), Bangalore, in theinterest of justice and equity. These appeals are coming on for final hearing this day,SREEDHAR RAO, J..,delivered the following: JU DBGMENT In similar matter, the Supreme Court in the case of| Commissioner of Income Tax Vs. Tulsyan Nect Ltd. reported in|(2011) 330 ITR 226has answered the question of law against the Revenue. Accordingly, these appeals aredismissed. sri K.S. Ramabhadran is permitted to file memo of|appearance for Respondent within two weeks. NM* od/-|JUDGE od/-.JUDGE

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