Ita/156/2018 Of The Principal Commissioner Of Income Tax v. M/S Chitradurga District

IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE O0 DAY OF NOVEMBER, 201383 BEFORE. THE HON'BLE MR. JUSTICE RAVI MALIMATH AND THE HON'’BLE MR. JUSTICE A.S.BELLUNKE INCOME TAX APPEAL NO.156 OF 2018 BETWEEN: 1.THE PRINCIPAL COMMISSIONER OF INCOME TAX2ND FLOOR, SHREE TOWERSNO. 565/7A, A1l, OPPOSITE TO DRR HOSTEHADADI ROAD2ND FLOOR, SHREE TOWERSNO. 565/7A, A1l, OPPOSITE TO DRR HOSTEHADADI ROAD DAVANAGERE - 57/7 004. 2.THE DEPUTY COMMISSIONER OF INCOME TAXCIRCLE-2(1).“2ND FLOOR, SHREE TOWERS”NO.565/A, AlOPPOSITE TO DRR HOSTELHADADI ROADDAVANAGERE - 5/77 O04. |CIRCLE-2(1).“2ND FLOOR, SHREE TOWERS”NO.565/A, AlOPPOSITE TO DRR HOSTELHADADI ROADDAVANAGERE - 5/77 O04. | ... APPELLANTS (BY SRI: ARAVIND K V, ADVOCATE) AND M/S CHITRADURGA DISTRICTCO-OPERATIVE CENTRAL BANK LID.,CDCC BANK BUILDING CHITRADURGA - 57/7 501PAN AAALC O0O69M. ... RESPONDENT THIS|INCOMETAXAPPEAL|ISFILEDUNDER|SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT|OF|ORDER.DATED28/09/2017.PASSEDIN|ITANO.1548/BANG/2016, FOR THE ASSESSMENT YEAR 2009-2010 VIDE ANNEXURE-C PRAYING THIS HON BLE COURT|TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE; ALLOW THE APPEAL AND SET ASIDE THEORDERS PASSED BY THE INCOME TAX APPELLATE.TRIBUNAL, BENGALURU IN ITA NO.1548/BANG/2016|DATED 28/09/2017 VIDE ANENXURE-C CONFIRMING THE)ORDER OF THE APPELLATE COMMISSIONER AND CONFIRM.THE ORDER PASSED BY THE DEPUTY COMMISSIONER OF.INCOME TAX, CIRCLE-2(1), DAVANAGERE AND TO PASS|SUCH OTHER SUITABLE ORDERS AS THIS HON BLE COURT|DEEMSFLT.TO)GRANT|IN|THE|FACTSANDCIRCUMSTANCES OF THE CASE IN THE INTEREST OF.JUSTICE AND EQUITY. AK AK THIS INCOME TAX APPEAL COMING ON FOR)ADMISSION THIS DAY, RAVI MALIMATH J., DELIVERED|THE FOLLOWING: JUDGMENT The learned counsel for the appellants submit that|the appeal is not maintainable in view of the monetarylimits and also in terms of Circular No.3 of 2018 dated. 11.07.2018 passed by Director (ITJ), Central Board Direct Taxes, New Delni. 2).In view of the submission made, the appeal is Gismissed as sucn. SD/-_ SD/- JUDGE JUDGE *pgn/-|