Ita/100188/2015 Of The Commissioner Of Income Tax v. Shree Basaveshwar Co-Op Bank Limited
High Court
31 May 2016 In favour of: Assessee
Forum / Bench
High Court · karhcdharwad
Parties
Ita/100188/2015 Of The Commissioner Of Income Tax v. Shree Basaveshwar Co-Op Bank Limited
Date of order
31 May 2016
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/100188/2015 Of The Commissioner Of Income Tax v. Shree Basaveshwar Co-Op Bank Limited, the High Court (2016) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, this appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
ITA No.100188 OF 2015
IN THE HIGH COURT OF KARNATAKADHARWAD BENCH
DATED THIS THE 31[Ss]DAY OF MAY 2016PRESENT
THE HON’'BLE MR. JUSTICE H.G.RAMES
THE HON’'BLE MRS. JUSTICE RATHNAKALLTA No.LOQL88 OF ZOLS
BETWEEN
1.THE COMMISSIONER OF INCOME TAXDR.B.R.AMBEDKAR VEEDHI, BELAGAVIDR.B.R.AMBEDKAR VEEDHI, BELAGAVI
2.THE DEPUTY COMMISSIONER OF INCOME TAXCIRCLE-1, BELAGAVICIRCLE-1, BELAGAVI
... APPELLANTS
(By Sri Y.V. RAVIRAJ, ADV.)
AND
SHREE BASAVESHWAR CO-OP BANK LIMITEDCTS.NO.704 & 705, 1ST FLOOR,RAVIVAR PETH, BELAGAVI. PAN:
.. RESPONDENT
THIS ITA IS FILED U/S.260A OF THE INCOME-TAX ACT1961,PRAYINGTO](a) FORMULATE.THESUBSTANTIALQUESTION OF LAW STATED ABOVE (b) ALLOW THE APPEAL ANDSET ASIDE THE ORDERS PASSED BY THE [INCOME TAAPPELLATETRIBUNAL,|PANAJLBENCH,PANAJI,IN|LIANO.420/PNJ/2014, DTD:13.07.2015 AND CONFIRM THE ORDERPASSED BY THE ASSISTANT COMMISSIONER OF INCOME TAX,BELAGAVI, IN THE INTEREST OF JUSTICE AND EQUITY.
THIS ITA COMING ON FOR ADMISSION THIS. DAYH.G,. RAMESH J, DELIVERED THE FOLLOWING:
JUDGMENT
H.G.RAMESH, J. (Oral)*
Learned counsel appearing for the appellants fairlySubmits that the question raised in this appeal is answeredagainst the appellants in ITA Nos.100047, 100048-49/2015(DD 16.12.2015). Accordingly, this appeal is dismissed.
Appeal dismissed.
Sd/-JUDGE
Sd/-JUDGE
B?C
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue