Ita/490/2015 Of The Commissioner Of Income Tax v. The Mangalore Co Operative Building Society Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 14 DAY OF DBCBMBER 2015 PRESENT THE HON’BLE MR.JUSTICE VINEET SARAN AND THE HON’BLE MRS.JUSTICE S SUJATHA ITA NO.490/2015 BETWEEN 1]THR COMMISSIONBR OF INCOME-TAX CR BUILDING ATTAVARA. MANGALORE -575 0OO1 2 |THE INCOME-TAX OFFICKR. WARD-1(2) C R BUILDING, ATTAVARA MANGALORE-575 OO1.. .. APPELLANT (BY SRI ARAVIND K V, ADV.) THR MANGALORE CO-OPBKRRATIVBUILDING SOCIETY LTD.,.CLASSIC ARCADEK S RAO ROADMANGALORE- 575 OO]. ~_ RKBSPONDE THIS APPEAL IS FILED UNDER SECTION.260-A OF INCOME TAX ACT 19601, SET ASIDE THE|ORDER PASSED BY THE ITAT, BANGALORE IN ITA)NO.1615/|BANG|/-2014.DATED: 08.05.2015CONFIRMING THR ORDER OF THR APPBRLLATECOMMISSIONBR AND CONFIRMING THR ORDER)PASSED BY THE INCOME TAX OFFICER, WARD-1(2), MANGALORE. THIS APPEAL COMING ON FOR ADMISSION,THIS DAY,VINEET SARAN J., DELIVERED THE!RFOLLOWING: JUDGMENT Heard Sri K V Aravind, learned Counsel for the.appellants and perused the records. |Learned Counsel for the Appellants does| not dispute that the questions involved in this appealare covered by the decision of this Court in the case|ot Commissioner of Income Tax Vs_ Sri BiluruGurubasava Pattina Sahakari Sangha NiyamithaBagalkot in ITA No.5006/ 201decided on 05.02.2014and in the case otCommissioner of Income Tax Vs.|Mangalore Co-operative Building Society Ltd., in ITA No. 146/ 201decided on 29.9.2015, wherein thequestion raised in such appeals have been answered|in favour of assessee and against the revenue. Accordingly, this appeal stands dismissed and)the questions raised in these appeals are also|answered in favour of the assessee and against the|TEVeENUC. AN /- Sd/-|JUDGE Sd/-|JUDGE|