Ita/134/2015 Of The Commissioner Of Income Tax v. M/S Cauvery Kalpatharu

IN THE HIGH COURT OF KARNATAKA AT BBNGALURU DATED THIS THR 30 DAY OF OCTOBER, 2015 PRESENT THR HON'BLE MR. JUSTICK VINEBT SARAN| AND THR HON’BLE MRS. JUSTICE S.SUJATHA| ITA NO.134/2015 BETWEEN: 1.THE COMMISSIONBR OF INCOME TAXNO. 99/1, SHILPASHREE BUILDINGNO. 99/1, SHILPASHREE BUILDING VISHWEKESHWARANAGA MYSORE-570 OO8 «|THR DEPUTY COMMISSIONER OF INCOME TAXCIRCLE-1 (2), NO. 59/1CIRCLE-1 (2), NO. 59/1 SHILPASHREE BUILDING VISHWEKESHWARANAGA MYSORE-570 OO8 _. APPBLLANTS (By Sri. K V ARAVIND, ADV., ) AND: M/S CAUVERY KALPATHARU>(FRAMBBNA BANKCA 20, 2ND STAGE.VIJAYANAGAR, MYSORE-570 O08PAN: AAAAC4H322~ ... RESPONDENT This Income Tax Appeal is filed Under Sec.260-A ofIncome Tax Act 1961, arising out of order dated:10/12/2014passed in ITA No.488/Bang/2014, for the Assessment Year|2010-2011 with a prayer to: 1. Formulate the substantial questions of law stated|above. ii. Allow the appeal and set aside the order passed by|the ITAT,|Bangalore1n ITA|No.4838/Bang/2014dated:10/12/2014 and confirm the order of the Appellate|Commissioner and confirm the order passed by the Deputy|Commissioner of Income Tax, Circle-1(2), Mysore. THIS ITA COMING ON FOR ADMISSION THIS DAY, |VINEET SARAN J..DELIVERED THE FOLLOWING: JUDGMENT Heard Sri K.V.Aravind, learned counsel for theappellants and perused the record. Oo.It is not disputed that the issue involved in thisappeal is squarely covered by the Division Bench decision ofthis Court rendered in-Karnataka Bank Ltd. -wvs-Assistant Commissioner of Income Tax (2013) 356 ITR|549, | 3.|Accordingly, for the reasons given in the|judgment in the case of)Karnataka Bank Ltd. (supra),WE.are of the opinion that no substantial question of law arisesfor determination by this Court. Appeal is accordingly|dismissed. | sd/- |JUDGE| od/-/ JUDGE|