Ita/123/2023 Of The Pr. Commisisoner Of Income Tax v. M/S Vectra Advanced Engineering Pvt Ltd

Digitally signed byMALA K NLocation: HIGH COURTOF KARNATAKA IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 22 DAY OF AUGUST, 2023 PRESENT THE HON'BLE MR JUSTICE P.S.DINESH KUMAR AND THE HON'BLE MR JUSTICE T.G. SHIVASHANKARE GOWDA INCOME TAX APPEAL NO.123 OF 2023 BETWEEN: 1. The Pr. Commissioner of Income-Tax, 5[th] Floor, BMTC Building, 80 Feet Road, Kormangala, Bengaluru-560 095. 2. The Deputy Commissioner of Income-Tax Circle-7(1)(2), Present Address DCIT, Circle-7(1)(1) 2[nd] Floor, BMTC Building, 80 Feet Road, Kormangala, Bengaluru-560 095. (By Shri. M. Dilip, Standing Counsel) …Appellants AND: M/s.Vectra Advanced Engineering Pvt. Ltd., Vectra House, No.15, I[st ]Main Road 6[th] Cross, Gandhinagar, Bengaluru-560 009 PAN-AABCV 1355K. …Respondent (By Shri. Chaitanya K.K. Senior Advocate for Shri. Tata Krishna., Advocate) The Advocate for the appellants has filed the above ITA / Income Tax Appeal Under Sec.260-A of the Income Tax Act - 2 - 1961, praying that this Hon'ble Court may be pleased to i. Formulate the substantial question of law stated above. ii. Allow the appeal and set aside the orders passed by the Income-Tax Appellate Tribunal, Bengaluru in ITA No. 1325/Bang/2018 dated 01/04/2021 for Assessment Year 2005-2006 Annexure - C and confirm the order of the Appellate Commissioner confirming the order passed by the Deputy Commissioner of Income Tax, Circle-7(1) (1), Bengaluru and etc. This Appeal, coming on for further orders, this day, P.S. Dinesh Kumar J., delivered the following: JUDGMENT This appeal is directed against the order dated 01.04.2021 in ITA No.1325/Bang/2018 passed by the Income-Tax Appellate Tribunal, Bengaluru. 2. Heard Shri. M. Dilip, learned Standing Counsel for appellants and Shri. K.K. Chaitanya, learned Senior Advocate for the respondent. 3. Shri. M.Dilip, learned Standing Counsel for the appellants in his usual fairness submits that the tax effect is less than the monetary limits. 4. In view of the said submission, appeal is dismissed. No costs. SD/- JUDGE SD/- JUDGE SD List No.: 1 Sl No.: 15