Case Law › High Court › Ita/432/2008 Of The Commissioner Of Inco...

Ita/432/2008 Of The Commissioner Of Income Tax v. Shri P Srinivas Naik

High Court 13 Jun 2014 In favour of: Assessee

Forum / Bench

High Court · karnataka_bng_old

Parties

Date of order

13 Jun 2014

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Ita/432/2008 Of The Commissioner Of Income Tax v. Shri P Srinivas Naik, the High Court (2014) dismissed the appeal. The decision went in favour of the assessee.

Decision: Accordingly, the appeal is dismissed on the|esround that the net tax effect is less thanRs.4,00,000/-, without pronouncing any opinion onthe merits of the case. — RS/*| sd/- |JUDGE| sd/- | JUDGE|

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATBD THIS THR 13 DAY OF JUNE 2014| PRESENT THR HON'BLEK MR.JUSTICE N. KUMAR AND THR HON'BLEK MR.JUSTICE B. MANOHAR L.T.A. NO.432/2008 BETWEEN: 1. THE COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE, |C R BUILDINGS,QUEENS ROAD,BANGALORE | 2. THERE ASST. COMMISSIONER O INCOME TAX.CENTRAL CIRCLE 1(2)C R BUILDINGS,QUEENS ROAD,BANGALOREK ©. APPKBLLANTS (BY SRI.K.V.ARAVIND, ADV.) AND: SRI.P.SRINIVAS NAIK. SINCKH DBECKASEKBD BY LEGAL REPRESENTATIV 1. PUSHPA S. NAYAKW/O P.S.NAYAKFLAT NO.502 ‘B’ BLOCK,SRI. MAHAMAYA SANNIDHI APARTMENTS.NEAR SRI.MAHAMAYA TEMPLE.CAR STREET, MANGALORE-575 OO1 | 2. PRATIBHA S. NAYAK ELDEST D/O P.S. NAYAKW/O U. SADASHIVA NAYAKFLAT NO.502 ‘B’ BLOCK,SRI. MAHAMAYA SANNIDHI APARTMENTS.NBAR SRI.MAHAMAYA TEMPLE.CAR STREET, MANGALORE-95/75 OO] 3. PRAVEBNA GIRIDHARA KINID/O LATE PS NAYAKW/O GIRIDHARA KINIFLAT NO.12A, MADHUBHAN APARTMENTSGEN J HOSALE MARGNARIMAN POINT, MUMBAI-400 021 4 PRABHA ANIL BHATD/O LATE PS NA YA KW/O ANIL MOHANDAS BHATFLAT NO.502 ‘B’ BLOCK,SRI. MAHAMAYA SANNIDHI APARTMENTS.NBAR SRI.MAHAMAYA TEMPLE.CAR STREETMANGALORE-575 OO] ... RESPONDENTS. (AMENDED VIDE COURT ORDERDATED 13.6.2014) (BY SRIL.A.SHANKAR & SRI.M.LAVA, ADVS.) THIS INCOME TAX APPEAL IS UNDER SEC.260-A OF|INCOME TAX ACT 19601, ARISING OUT OF ORDER DATED27/11/2007 PASSED IN ITA NO.959/BNG/2007, FOR THEASSESSMENT YEAR 1998-99, PRAYING THIS HON'BLECOURT TO: 1. FORMULATE THE SUBSTANTIAL QUESTIONS OFLAW STATR THRRBIN| 2. ALLOW THE APPEAL AND SEIT ASIDE THE ORDERDATED 27/11/2007 PASSED BY THE INCOME TAXAPPBRLLATETRIBUNAL,BANGALORE,INITA|NO.|959/BNG/2007 CONFIRMING THE ORDERS OF THE|APPELLATECOMMISSIONERANILASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE —- 1(2),BANGALORE.| THIS APPEAL COMING ON FOR ORDERS, THIS DAY,N.AUMAR, J.,DELIVERED THE FOLLOWING: JU DGMENT TheTEVENUEhas preferred|this|appealchallenging the order passed by the Tribunal. 2. The net tax effect of Rs.2,40,/746/- which is the subject matter of this appeal, is less thanRs.4,00,000 /-aS|prescribedunderInstructionNo.2/2005. Hence, the appeal is not maintainable. © 3. Accordingly, the appeal is dismissed on the|esround that the net tax effect is less thanRs.4,00,000/-, without pronouncing any opinion onthe merits of the case. — RS/*| sd/- |JUDGE| sd/- | JUDGE|

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