Ita/195/2014 Of The Commissioner Of Income-Tax v. M/S Abb Limited

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE JZJ2ND DAY OF FEBRUARY 202PRESENT| THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’BLE MR.JUSTICE M.G.S.KAMAL I.T.A. No.195/2014 BETWEEN: 1. THE COMMISSIONER OF INCOME-TAXJSS TOWERS, BSK III STAGEBANGALORE. 2. THE ADDL. COMMISSIONER|OF INCOME-TAXJSS TOWERS, BSK III STAGEBANGALORE. JSS TOWERS, BSK III STAGE (BY K.V. ARAVIND, ADVOCATE) ... APPELLANTS~ AND*M/S. ABB LIMITED49, KHANIJA BHAVANRACE COURSE ROAD2ND FLOOR, EAST WINGBANGALORE - 560 O0OO1 .. RESPONDENT (BY MS. MAHIMA GOUD, ADVOCATE FOR|MRS. TANMAYEE RAJKUMAR, ADVOCATE) THIS I.7T.A. IS FILED UNDER SECTION 260-A OF INCOMETAX ACT, 1961, ARISING OUT OF ORDER DATED 20.12.2013.PASSED IN ITA NO.437/BANG/2012, FOR THE ASSESSMENT YEAR-1996-1997, PRAYING TO. 1. FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE. 2. ALLOW THE APPEAL AND SET ASIDE THE ORDERS|PASSED BY THE ITAT, BANGALORE IN ITA NO.437/BANG/2012DATED:20/12/2013 AND CONFIRM THE ORDER OF THE APPELLATE.COMMISSIONER CONFIRMING THE ORDER PASSED BY THE.ADDITIONAL COMMISSIONER OF INCOME TAX-LTU, BANGALORE. THIS I.7T.A. COMING ON FOR’ HEARING, THIS’ DAY, | ALOK ARADHE J.,DELIVERED THE FOLLOWING: | JUDGMENT This appeal under Section 260-A of the Income TaxAct, 1961 has been filed against the order dated 20.12.2013passed by tne Income tax Appellate Tribunal. 2.When the matter was taken up today, learned|counsel for the assessee submitted that the substantialquestions of law involved in this appeal have already beenanswered by a division bench of this court vide judgmentdated 04.10.2021 in 4I.T.A.No.568/2015. The aforesaidsubmission could not be disputed by learned counsel for therevenue. | ‘3.For the reasons assigned by a bench of this court.in judgment dated 04.10.2021 passed in I.T.A.No.568/2015,the substantial questions of law framed in this appeal areanswered against tne revenue and in favour of the assesee. In the result, we do not find any merit in this appeal.The same fails and is hereby dismissed. Sd/-—JUDGE Sd/-—JUDGE SS|