Ita/495/2009 Of The Commissioner Of Income Tax v. Shri T V Vishwanath Gupta
High Court
14 Aug 2012 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/495/2009 Of The Commissioner Of Income Tax v. Shri T V Vishwanath Gupta
Date of order
14 Aug 2012
Assessment year(s)
2002-2003
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Ita/495/2009 Of The Commissioner Of Income Tax v. Shri T V Vishwanath Gupta, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF KARNATAKA AT BANGALORE
DATED THIS THE 14 DAY OF AUGUST 2012
PRESENT
THE HON'BLE MR. JUSTICE K.SREEDHAR RAO
AND
THE HON'BLE MR. JUSTICE B.MANOHAR
ITA No.495/2009
BETWEEN :
1 THE COMMISSIONER OF INCOME TAXC R BUILDING, QUEENS ROADBANGALORE.C R BUILDING, QUEENS ROADBANGALORE.
2 THE ASST COMMISSIONER OF INCOME TAX, CIRCLE-11(5)C R BUILDING, QUEENS ROADBANGALORE. OF INCOME TAX, CIRCLE-11(5)C R BUILDING, QUEENS ROADBANGALORE.
..APPELLANTS
(By Sri K V ARAVIND, ADV.)
AND :
SHRI T V VISHWANATH GUPTANo.8 (OLD No.15), SANNIDHI ROADBASAVANAGUDI, BANGALORE.
...RESPONDENT
(By Sri R B KRISHNA, ADV.)
This ITA filed u/S.260-A of I.T.Act, 1961 arising out of Order dated 8-5-2009 passed in ITA No.828/BANG/2007 by the ITAT, Bangalore, for the Assessment Year 2002-2003, praying that this Hon'ble Court may be pleased to:
i. formulate the substantial questions of law stated therein,
ii. allow the appeal and set aside the order passed by the ITAT Bangalore in ITA No.828/BANG/2007,dated 8-5-2009 and confirm the order of the Appellate Commissioner confirming the order passed by the Deputy Commissioner of Income Tax, Circle-3(1),Bangalore.
This ITA coming on for final hearing this day, K.SREEDHAR RAO, J, delivered the following:
JUDGMENT
In view of the decision of the Supreme Court in the case of
Guffic CHEM (P) Ltd, -vs- Commissioner of Income Tax & anr. reported in (2011) 332 ITR 602, the questions of law are answered against the revenue. Accordingly, the appeal is dismissed.
Sd/-JUDGE
Sd/-JUDGE
bkm.
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