Ita/153/2018 Of The Principal Commissioner Of Income Tax v. M/S The Somavamsha Sahasrajuna Kshatriya

IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE 09 DAY OF NOVEMBER, 2018 BEFORE THE HON BLE MR. JUSTICE RAVI MALIMATH AND| THE HON'BLE MR. JUSTICE A.S.BELLUNKE |INCOME TAX APPEAL NO.153 OF 2018 BETWEEN: 1.THE PRINCIPAL COMMISSIONER OF INCOME TAX59TH FLOOR, BMTC BUILDINGSO FEET ROAD, KORAMANGALABENGALURU - 560 095.59TH FLOOR, BMTC BUILDINGSO FEET ROAD, KORAMANGALABENGALURU - 560 095. 2).THE INCOME TAX OFFICER |WARD 2(2)(5), 2ND FLOOR|BMTC BUILDING, 80 FEET ROAD.KORAMANGALA, BENGALURU —- 560 095.WARD 2(2)(5), 2ND FLOOR|BMTC BUILDING, 80 FEET ROAD.KORAMANGALA, BENGALURU —- 560 095. ... APPELLANTS (BY SRI: ARAVIND K V, ADVOCATE) AND M/S THE SOMAVAMSHA SAHASRAJUNA KSHATRIYA |CREDIT CO-OPERATIVE SOCIETYNO 43, GK TEMPLE STREETCHICKPET CROSSBENGALURU —- 560 Q53PAN: AAAAT 46520. ... RESPONDENT THIS|INCOME|TA®XAPPEAL|IS|FILED|UNDER|SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT|OF ORDER DATED 27.11.2017, PASSED IN ITA NO.|1367/BANG/2016, FOR THE ASSESSMENT YEAR 2012-2013, PRAYING THIS HON BLE COURT TO FORMULATE THESUBSTANTIAL QUESTIONS OF LAW STATED ABOVE;|ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED.BY THE INCOME-TAX APPELLATE TRIBUNAL, BENGALURUIN|ITANO.136/7/BANG/2016DATED27.11.2017|CONFIRMING.THE|ORDER.OF|THE|APPELLAIECOMMISSIONER AND CONFIRM THE ORDER PASSED BY.THE INCOME TAX OFFICER, WARD-2(2)(5), BENGALURU|AND TO PASS SUCH OTHER SUITABLE ORDERS AS THIS.HON BLE COURT DEEMS FIT TO GRANT IN THE FACTS AND|CIRCUMSTANCES OF THE CASE [IN THE INTEREST OFJUSTICE AND EQUITY. PK AK THIS INCOME TAX APPEAL COMING ON FORADMISSION THIS DAY, RAVI MALIMATH J., DELIVERED|THE FOLLOWING: JUDGMENT The learned Counsel for the appellants submit that|tne substantial question of law that arises for consideration in this appeal is covered by the judgment of this Court intne case of THE COMMISSIONER OF INCOME TAX ANDANOTHERVS.|M/SSOMAVAMSHASAHASRAJIUNAKSHATRIYA CO-OPERATIVE SOCIETY LITD., in ITA No.187 of 2015 decided on 08.09.2015. Hence, he pleads that the| appeal be dismissed. 2.Tne submission of the learned counsel for tne| appellants is placed on record. Tne appeal is accordingly dismissed. SD/- |JUDGE SD/-| JUDGE *pgn/-|