Following The Judgment Of This Court In Ita v. Srt Biluru) Gurubasava Pattina Sahakari Sangha

IN THE HIGH COURT OF KARNATAKA AT BENGALURU Dated this the 24[th]day of July, 20109) PRESENT THE HON’BLE MR.JUSTICE N.KUMAR AND THE HON’BLE MRS. JUSTICE RATHNAKALA R.P.No.205/2015IN ITA No.318/2014 BE TW BE 1.)Commissioner of Income Tax (Appeals) Mangalore-575001 iaIncome Tax Officer. Ward 1(2), Mangalore-575001 . PRHTITIONERS (By Sri E.I.Sanmathi, Adv.) AND: M/s Post & BSNL EmployeesCo-operative Society Ltd.,No.903, Sri Devi College Road,Ballal Bagh, Post,Kodialbail, Mangalore-575008 ~.. RESPONDENT This Review Petition is filed under Order 47 Rule 1 otCPC praying to review the order dated 22.09.2014 passed inITA No.318/2014, on the file of the Hon'ble High Court ofKarnataka, Bangalore. N.Kumar J., made the following: This Review Petition coming on for orders this day, | ORDER Following the judgment of this Court in ITA No.9006/2013 in the case ofThe Commissioner of Income Tax vs Srt Biluru) Gurubasava Pattina Sahakari Sangha Niyamitha, Bagalkot,the appeal came to be disposed ofanswering the substantial question of law in favour of theaSSECSSECAC. 2. The aforesaid judgment is challenged before the Apex|Court and is pending consideration. On that ground, thereview petitioners want review of the order. 3. We do not see any justification to review the order on |that ground. However, we make it clear that, in the event the revenue succeeds in the Apex Court, the authorities shall takenote of the same and then pass an order under Section 260(1A) of the Income Tax Act, 1961. Ordered accordingly. Sd/-|JUDGE ckl/-| Sd/-)JUDGE