Case Law › High Court › Ita/433/2008 Of The Commissioner Of Inco...

Ita/433/2008 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

The order — as passed by the High Court

Case summary

In Ita/433/2008 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 /* od/- | JUDGE| sd/-JUDGE|

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

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.433/2008 BETWEEN: 1. THE COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE, C R BUILDING ,,QUEENS ROAD, BANGALORE 2. THERE ASST. COMMISSIONER OINCOME TAX.CENTRAL CIRCLE 1(2) |CR BUILDING, QUEENS ROAD,BANGALORE ©... APPELLANTS(BY SRI.K.V.ARAVIND, ADV.) AND: SRI.P.SRINIVAS NAIK. SINCHK DECKASED BY LEGAL REPRESENIATIVES 1. PUSHPA S. NAYAKW/O P.S.NAYAKFLAT NO.502 ‘B’ BLOCK,SRI. MAHAMAYA SANNIDHI APARTMENTS.NEAR SRI.MAHAMAYA TEMPLE.CAR STREET, MANGALORE-9575 OO1| 2. PRATIBHA S. NAYAKD/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 MARG|NARIMAN POINT, MUMBAI-400 021 4 PRABHA ANIL BHAT.D/O LATE PS NA YA KW/O ANIL MOHANDAS BHATFLAT NO.502 ‘B’ BLOCK,SRI. MAHAMAYA SANNIDHI APARTMENTS.NEAR SRI.MAHAMAYA TEMPLE.CAR STREETMANGALORE-575 OO1—. 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 1961, ARISING OUT OF ORDER DATED|27/11/2007 PASSED IN ITA NO.965/BNG/2007, FOR THEASSESSMENT YEAR 2OO4-05. PRAYING THIS HON'BLECOURT TO: 1. FORMULATE THE SUBSTANTIAL QUESTIONS OFLAW STATR THRRBIN| 2. ALLOW THR APPBKAL AND SET ASIDE THR ORDERDATED 27/11/2007 PASSED BY THE INCOME TAXAPPBRLLATETRIBUNAL,BANGALORE,INITA|NO.|9605/BNG/2007 CONFIRMING THE ORDERS OF THEAPPELLATECOMMISSIONERANILASSISTANTCOMMISSIONER OF INCOME TAX, CENTRAL CIRCLE — 1(2),BANGALORE. THIS APPEAL COMING ON FOR ORDERS, THIS DAY,N.KUMAR, J.,DELIVBRED THE FOLLOWING: JU DBiGMENT TheTEVENUEhas preferred|this|appealchallenging the order passed by the Tribunal. 2. The net tax effect of Rs.39,46//- which is thesubjectmatterot|thisappeal1s lessthan Rs.4,00,000/- aS|prescribedunderInstruction|No.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 /* od/- | JUDGE| sd/-JUDGE|

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