Case Law › High Court › In View Of Instruction v. Kgr

In View Of Instruction v. Kgr

High Court 01 Jul 2014 In favour of: Assessee

Forum / Bench

High Court · karnataka_bng_old

Parties

Date of order

01 Jul 2014

Assessment year(s)

—

Outcome

Dismissed

The order — as passed by the High Court

Case summary

In In View Of Instruction v. Kgr, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed solely onthe ground of net tax effect being less than Rs.10.00 lakhs.

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

IN THE HIGH COURT OF KARNATAKA, BANGALORE DATEKBD THIS THE DAY OF JULY, 2014. PRESEHBN THR HON'BLE Mr. JUSTICE N. KUMAR. AND THR HON'BLE Mr. JUSTICK =B. MANOHAR| 1.T.A. No. 584 OF 2008 BBRITWRE 1]The Commissioner of|Income Tax, Central Circle,Income Tax, Central Circle, C.R. Building, Queen’s Road,Bangalore. oDThe Deputy Commissioner of ©Income Tax, Circle- 1,Central Circle -2(1), C.R. Building, Queen’s Road, Bangalore. —. APPRLLANTS (By K.V. Aravind, Advocate) AN 1): M/s. Atria Holdings Pvt. Ltd.,No.1, Palace Road, | Bangalore-560 OO1. This I.T.A. is filed under Section 2J60O-A of theIncome-tax Act, 1961 praying to formulate the substantial|questions of law stated therein and allow the appeal and|set aside the order passed by Income-tax Appellate| Tribunal, Bangalore, in IT(SS) No.61/Bang/2006 dated 12.12.2007 and confirm the Order passed by the DeputyCommissionerot|IncomeTax, Central Circle-2(1),Bangalore. This I.T.A. coming on for Orders this day,N. KUMAR,J.,made the following: JU DGMENT In view of Instruction No.3/2011 which is held to be.retrospective by this court in|LT.A. No.S191/ 2005 disposed ofon 02.11.2011 (CIT Vs. RANKA & RANKA], this appeal is notmaintainable. However, it is submitted that the Revenue has.Challenged the said order and it is pending in Hon'ble)Supreme Court. In the event the Revenue succeeds in the)Supreme Court, liberty is reserved to the Revenue to revive|this appeal. Accordingly, the appeal is dismissed solely onthe ground of net tax effect being less than Rs.10.00 lakhs. KGR*. Sd/-. JUDGE. Sd/-| JUDGE |

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