Ita/436/2011 Of Ing Vysya Bank Limited v. The Deputy Director Of Income Tax

IN THE HIGH COURT OF KARNATAKA AT BANGALOREDATED THIS THE 13 DAY OF JUNE, 2012 PRESENT THE HON’BLE MR.JUSTICE D V SHYLENDRA KUMAR AND THE HON’BLE MR.JUSTICE B MANOHAR Income Tax Appeal No.436 of 2011 BETWEEN: ING VYSYA BANK LIMITEDING VYSYA HOUSE,22, M.G.ROAD,BANGALORE — 560 OO1REP. BY MANAGING DIRECTORSRI SHAILENDRA BHANDARI»/O DILIP BHANDARIAGEKED ABOUT 53 YBAAPPBRLLAN IBY SRI K S RAMABHADRAN, ADV.| AND: THR DEBEPUTY DIRECTOR OF INCOME T(INTERNATIONAL TAXATION)CIRCLE-1(1)BANGALORE.RBSPONDENT IBY SRI K V ARAVIND, ADV.] THIS APPEAL IS FILED UNDER SECTION 260A OF THEINCOME TAX ACT, 1961, PRAYING TO SET ASIDE ORDER DATED05.08.2011PASSED|IN|TTA.NO.|160/BANG/2010|HORTHEASSESSMENT YEAR 2008-09 AND ETC., THIS APPEAL COMING ON FOR ORDERS THIS DAY, D VSHYLENDRA KUMAR.J., DELIVERED THE FOLLOWING: JU DBiGMENT There is a delay of five days in preferring this appealunder section 260-A of the Income Tax Act, 1961. 2.Notice had been issued to the respondent — revenuerepresented by Sri. K V Aravind, learned standing counselfor the revenue. 3.We have heard Sri. K S Ramabhadran, learned counselfor the appellant and Sri. K V Aravind, learned standingcounsel for the respondent - revenue, 4.Accepting the explanation offered in the affidavitaccompanying the application for condonation of delay, fivedays delay in preferring this appeal is condoned, IANo.I/2012.1S|allowedandappeal1S admitted76/examination. 5.sri. K S Ramabhadran, learned counsel for theappellant and Sri. K V Aravind, learned standing counsel forthe respondent — revenue submit that the questions raised by the appellant in this appeal is now covered by the divisionBench oft this court rendered in the case ot‘COMMISSIONER OFINCOMETAXANDANOTHERDvDSAMSUNGELECTRONICS CO. LTD., & OTHERS’reported in)[2011]245 CTR [Kar] 481 6.In this view of the legal position, the appeal isdismissed answering the question raised in the appealagainst the assessee. Sd/-JUDGE Sd/-JUDGE AN /