Ita/126/2023 Of The Pr. Commisisoner Of Income Tax v. M/S Vectra Advanced Engineering Pvt. Ltd
High Court
19 Sep 2023 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/126/2023 Of The Pr. Commisisoner Of Income Tax v. M/S Vectra Advanced Engineering Pvt. Ltd
Date of order
19 Sep 2023
Assessment year(s)
2012-2013
Outcome
Dismissed
Case summary
In Ita/126/2023 Of The Pr. Commisisoner Of Income Tax v. M/S Vectra Advanced Engineering Pvt. Ltd, the High Court (2023) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the 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
Digitally signed by MALA KNLocation: HIGH COURT OFKARNATAKA
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 19 DAY OF SEPTEMBER, 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. 126 OF 2023
BETWEEN:
1. THE PR. COMMISSIONER OF
INCOME-TAX, 5 FLOOR BMTC BUILDING, 80 FEET ROAD KORMANGALA, BENGALURU-560 095 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)(2), PRESENT ADDRESS, DCIT
CIRCLE 7(1)(1), 2 FLOOR, BMTC BUILDING 80 FEET ROAD, KORMANGALA BENAGALURU 560 095 BENAGALURU 560 095
…APPELLANTS
(BY SRI. DILIP M., ADV.)
AND:
M/S VECTRA ADVANCED ENGINEERING PVT. LTD. VECTRA HOUSE, NO. 15, 1 MAIN ROAD, 6 CROSS, GANDHINAGAR BENGALURU-560 009. PAN: AABCV 1355K
…RESPONDENT
(BY SRI. SHARATH S. ADV. FOR SRI. TATA KRISHNA, ADV.)
THIS ITA IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT 1961, PRAYING 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. 1328/BANG/2018 DATED 01/04/2021 FOR ASSESSMENT YEAR 2012-2013 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
Shri M. Dilip, learned Standing Counsel for the Revenue submitted that these appeals are not maintainable in view of Circular No.17/2019 [F.NO. 279/MISC.142/2007-ITJ(PT.)], dated 08.08.2019, as the monetary effect is less than
Rs.1 Crore.
2. Accordingly, the appeal is dismissed.
3. In view of dismissal of the appeal,
I.A.No.2/2023 does not survive for consideration and
the same stands disposed of.
No costs.
Sd/- JUDGE Sd/- JUDGE
PA List No.: 1 Sl No.: 30
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