Ita/295/2009 Of The Commissioner Of Income Tax v. M/S Margasoochi Chits Pvt Ltd
High Court
12 Dec 2014 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/295/2009 Of The Commissioner Of Income Tax v. M/S Margasoochi Chits Pvt Ltd
Date of order
12 Dec 2014
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/295/2009 Of The Commissioner Of Income Tax v. M/S Margasoochi Chits Pvt Ltd, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
1
IN THE HIGH COURT OF KARNATAKA AT BANGALORE
DATED THIS THER 1[th]DAY OF DECEMBER, 2014
PRESENT
THR HON' BLE MR. JUSTICK N.KUMAR
ANT)
THR HON' BLE MR. JUSTICK B. MANOHAR
INCOME TAX APPEAL No.295/2009
BBRTWEHR
1. THR COMMISSIONBR OF [INCOME-TAX.C R BUILDING, QUEENS ROAD, BANGALORE.
2. THRH INCOME TAX OFFICKR.WARD-16(2)C R BUILDING, QUEENS ROAD|BANGALORE_. APPBELLANTS
(BY SRI K V ARAVIND, ADVOCATE)
AND:
M/S MARGASOOCHI CHITS PVT.LTDNO.912/2, 18 ‘A’ MAIN|RAJAJINAGAR, 3 BLOCK,BANGALORE — 560010.
_. RESPONDENT.
(BY SRI A SHANKAR & M LAVA, ADVS.)
THIS APPEAL IS FILED UNDER SECTION 260-A OF|L.T.ACT, 1961 ARISING OUT OF ORDER DATED 16.01.2009PASSEDIN-ITA|NO.995/BNG/2008,FORTHBKASSESSMENT YBAR 2005-06 PRAYING TO FORMULATETHE SUBSTANTIAL QUESTIONS OF LAW STATED THEREINAND ALLOW THR APPBAL AND SKHKT ASIDE THR ORDEPASSED.BY|THERITAT|BANGALORE,IN|ITA|
2
NO.995/BNG/2008, DATED 16.01.2009 CONFIRMING THE|ORDEROF|THEAPPELLATECOMMISSION BRAN)CONFIRM THR ORDER PASSED BY THE INCOME TAX|OFFICER, WARD-16(2), BANGALORE IN THE INTEREST OF|JUSTICE AND EQUITY.
This Income Tax Appeal coming on for Hearingthis day, N. Kumar J., delivered the following:
JUDGMENT
The net tax effect in this appeal 1S |
Rs. 2,81,888/-. In view of Circular No.2/2005
prescribing the monitory limit of Rs.4 lakhs, thisappeal is not maintainable. Accordingly, it isdismissed on the ground of monitory limit withoutsoing into the merits.
od/-Judge
sd/-
Judge
Nsu/-_
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