Ita/262/2008 Of The Commissioner Of Income Tax v. The New India Assurance Co. Ltd
High Court
12 Sep 2012 In favour of: Revenue
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/262/2008 Of The Commissioner Of Income Tax v. The New India Assurance Co. Ltd
Date of order
12 Sep 2012
Assessment year(s)
—
Outcome
Allowed
The order — as passed by the High Court
Case summary
In Ita/262/2008 Of The Commissioner Of Income Tax v. The New India Assurance Co. Ltd, the High Court (2012) allowed the appeal. The decision went in favour of the Revenue.
Decision: Accordingly,the appeal is disposed of. od/-|JUDGE od/-.JUDGE
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF KARNATAKA, BANGALORE
DATED THIS THE 12 DAY OF SEPTEMBER, 2012
PRESENT
THR HON'BLE MR. JUSTICE K.SREBDHAR RAO
ANT)
THR HON'BLE MR. JUSTICK B.MANOHAR
1.T.A. No. 262 OF 2Z2O
BE TW BE
1.The Commissioner of Income Tax,C.R. Building,Queens Road,Bangalore.C.R. Building,Queens Road,Bangalore.
2.The Income Tax Officer (TDS),Ward-16(3),Ward-16(3),
Bangalore.
Appellants
(By Sri K.V. Aravind, Advocate)
AND:
The New India Assurance Co., Ltd.,D.O.No.1, 2[&.]Floor,Lakshmi Complex,Opp. Vani Vilas Hospital, K.R. Road,Bangalore-560002.
Respondent,
(By Sri M.V. Javali, Advocate)
This I.T.A. is filed U/s.260-A of the I.T. Act, 1961|arising out of Order dated 11.10.2006 and corrigendum
dated 20.11.2006 passed in ITA No.1484/BNG/2005, for theAssessment Year 1998-1999, praying that this Hon’ble Courtmay be pleased to: (i) formulate the substantial questions oflaw stated therein and (11) allow the appeal and set aside theorderpassedby|theITATBangaloreinITA|No.1484/BNG/2005, 11.10.2006 and corrigendum dated20.11.2006 and confirm the order of the AppellateCommissioner confirming the order passed by the IncomeTax Officer (TDS), Ward-16(3), Bangalore in the interest ofjustice and equity.
This appeal is coming on for hearing this day,|SREEDHAR RAO, J..,delivered the following:
JU DGMENT
I.A.No.1/2008 is allowed. Delay condoned.
In.VIEWot|the decisionoT this|Court1n I.T.A.No.245/2008, the question of law is answered in favourof the revenue. However, the matter is remitted to theAssessing Officer for fresh consideration in accordance withthe observations made in I.T.A.No.245/2008. Accordingly,the appeal is disposed of.
od/-|JUDGE
od/-.JUDGE
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