Ita/574/2017 Of Principal Commissioner Of Income Tax-V v. M/S. Rajeev Gandhi Rural Housing

IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE 05 DAY OF NOVEMBER, 2018 BEFORE THE HON BLE MR. JUSTICE RAVI MALIMATH AND| THE HON'BLE MR. JUSTICE A.S.BELLUNKE |INCOME TAX APPEAL NO.5/4 OF 2ZOL BETWEEN: 1.PRINCIPAL COMMISSIONER OF INCOME TAX-V/BMTC COMPLEX, KORAMANGALA|BENGALURU -560 O95.BMTC COMPLEX, KORAMANGALA|BENGALURU -560 O95. 2).THE DEPUTY COMMISSIONEROF INCOME TAX CIRCLE 5(1)(1).BENGALURU, _.. APPELLANTS (BY SRI: SANMATHI E I, ADVOCATE) AND© M/S. RAJEEV GANDHI RURAL HOUSINGCORPORATION LIMITED41TH FLOOR, KHB COMPLEXCAUVERY BHAVAN, K G ROADBENGALURU -560 OO9PAN: AABCR5689O0N. ... RESPONDENT THIS|INCOME|TA®XAPPEAL|IS|FILED|UNDER|SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT|OF|ORDERDATED08.03.2701 PASSED|IN|ITANO.204/BANG/2016, FOR THE ASSESSMENT YEAR-2012-13, PRAYING THIS HON BLE COURT TO DECIDE THE)FOREGOING QUESTION OF LAW AND/OR SUCH OTHER.QUESTIONS OF LAW AS MAY BE FORMULATED BY THE|HON BLE COURT AS DEEMED FIT AND SET ASIDE THE!APPELLATE ORDER DATED O08.03.7201/7 PASSED BY TINCOME|TAXAPPELLAIETRIBUNAL,‘CIBENCH,BENGALURU IN ITA NO.204/BANG/2016 FOR ASSESSMENT|YEAR: 2012-13 AS SOUGHT FOR IN THIS APPEAL; AND TO}GRANT SUCH OTHER RELIEF AS DEEMED FIT, IN THE|INTEREST OF JUSTICE. AK AK THIS INCOME TAX APPEAL COMING ON FOR)ADMISSION THIS DAY, RAVI MALIMATH J., DELIVERED|THE FOLLOWING: JUDGMENT Tne learned Counsel for the appellants submit tnatthe first substantial question of law does not arise for)consideration. Hence, ne restricts nis submission only so)far as substantial question of law Nos.2 and 3. £4Hecontends that the second and third substantial questions oflaw are covered py the judgment of this Court in the case|of COMMISSIONER OF INCOME TAX AND ANOTHER VS.| KARNATAKAURBANINFRASTRUCTUREDEVELOPMENT|AND FINANCE CORPORATION in [TA No.2418 of 2005|disposed off on 21.02.2006 reported in 284 ITR page 582. Hence, he pleads that the appeal be disposed off. 2.Tne submission of the learned counsel for tne|appellants is placed on record. The appeal is accordingly disposed off. | SD/-_SD/-_JUDGE JUDGE *pgn/-|