Ita/23/2008 Of The Commissioner Of Income Tax v. M/S Processor Systems (India) (P) Ltd

IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE 10TH DAY OF APRIL 2013 PRESENT THE HON'BLE MR. JUSTICE N.KUMAR AND THE HON'BLE MR. JUSTICE B.MANOHAR ITA No.23/2008 BETWEEN : 1 THE COMMISSIONER OF INCOME TAX, C.R. BUILDINGQUEENS ROAD, BANGALORE 2 THE ASST COMMISSIONER OF INCOME TAX, CIRCLE-12(2)BANGALORE. APPELLANTS ( By Sri. K V ARAVIND, ADV.) AND : M/S PROCESSOR SYSTEMS (INDIA) (P) LTD24, CLASSIC BUILDINGSRICHMOND ROADBANGALORE. RESPONDENT ( By Sri. S PARTHASARATHI, ADV.) This ITA is filed u/S.260-A of I.T.Act, 1961 arising out of Order dated 24-08-2007 passed in ITA No.1104/BANG/2006 for the Assessment Year 2003-2004. This ITA coming on for hearing before Court this day, N KUMAR J, delivered the following: JUDGMENT This appeal was admitted to consider the substantial question of law. In respect of the same assessee for the assessment years 1997-98, 1998-99, 1999-2000, 2000-2001 and 2001-2002 also the same question arose for consideration before this Court in ITA No.442/2007 and other connected matters, this Court by a detailed order dated 22[nd] February, 2012 has answered the said question in favour of the assessee and against the Revenue. Following the aforesaid judgment, this appeal is dismissed. Sd/-JUDGE Sd/-JUDGE bkm.