Ita/100018/2014 Of The Commissioner Of Income Tax v. Shri Keshav Cemants And Infra Ltd
High Court
13 Feb 2017 In favour of: Revenue
Forum / Bench
High Court · karhcdharwad
Parties
Ita/100018/2014 Of The Commissioner Of Income Tax v. Shri Keshav Cemants And Infra Ltd
Date of order
13 Feb 2017
Assessment year(s)
—
Outcome
Allowed
Case summary
In Ita/100018/2014 Of The Commissioner Of Income Tax v. Shri Keshav Cemants And Infra Ltd, the High Court (2017) allowed the appeal. The decision went in favour of the Revenue.
Decision: Keshav Cemants and Infra LTd., : 3 : 3.Accordingly, the above appeals of Revenue are dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF KARNATAKADHARWAD BENCH
DATED THIS THE 13 DAY OF FEBRUARY 2017PRESENT
THE HON’BLE DR. JUSTICE VINEET KOTHARI
AND
THE HON’BLE MR. JUSTICE SREENIVAS HARISH KUMAR
I.T.A.No.100018/2014 C/W ITA.NO. 100019/2014.
BETWEEN:
1.THE COMMISSIONER OF INCOME TAX,
FEROZ KHIMJIBHAI COMPLEX,
DR. B.R.AMBEDKAR ROAD,
OPP. DISTRICT CIVIL HOSPITAL,
BELGAUM 590001.
2.THE ACIT,
CIRCLE-1, BELGAUM
... APPELLANTS (COMMON)
(BY SRI.Y V RAVIRAJ. ADV.)
AND
1.SHRI KESHAV CEMANTS AND INFRA LTD,JYOTHI TOWERS,JYOTHI TOWERS,
M VADAGAON, BELGAUM.
... RESPONDENT
(COMMON)
(By SRI.H.R. KAMBIYAVAR. ADV.)
ITA NO. 100018/2014 IS FILED UNDER SECTION ITAFILED U/SEC. 260A OF THE INCOME TAX ACT, 1961AGAINST ORDER PASSED IN ITA.NO.264/PNJ/2013 &CO.NO. 50/PNJ/2013 DATED: 27/01/2014 ON THE FILEOF THE INCOME TAX APPELLANTE TRIBUNAL, PANAJI
Date of Judgement: 13.02.2017 in ITA.No.100018/2014 C/W 100019/2014The Commissioner of Income Tax and another V/s. Keshav Cemants and InfraLTd.,
: 2 :
BENCH, PANAJI, APPEAL IS DISMISSED AND CROSSOBJECTION IS PARTLY ALLOWED.
ITA NO. 100019/2014 IS FILED UNDER SECTION ITAFILED U/SEC. 260A OF THE INCOME TAX ACT, 1961AGAINST ORDER PASSED IN ITA.NO.265/PNJ/2013 &CO.NO. 51/PNJ/2013 DATED: 27/01/2014 ON THE FILEOF THE INCOME TAX APPELLANTE TRIBUNAL, PANAJIBENCH, PANAJI, APPEAL IS DISMISSED AND CROSSOBJECTION IS PARTLY ALLOWED.
THESE APPEALS COMING ON FOR FINAL HEARINGTHIS DAY, Dr. VINEET KOTHARI. J, DELIVERED THEFOLLOWING:
J U D G M E N T
Mr. Y V RAVIRAJ. Adv. for Appellants-Revenue
Mr. H.R.KAMBIYAVAR. Adv for Respondent-Assesee.
1. Learned Counsel for the Revenue submits that
in view of the Circular No.21/2015 dated 10.12.2015issued by the CBDT, the present appeal filed by theRevenue has Revenue stake of less than monetary limits
of Rs.20,00,000/- and therefore, he may be permittedto
withdraw the present appeal.
2. Opposite counsel for Assessee has no objectionto the same.to the same.
Date of Judgement: 13.02.2017 in ITA.No.100018/2014 C/W 100019/2014The Commissioner of Income Tax and another V/s. Keshav Cemants and Infra
LTd.,
: 3 :
3.Accordingly, the above appeals of Revenue
are dismissed as withdrawn. No Costs.
VB
Sd/- JUDGE JUDGE
Sd/-
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