Ita/588/2018 Of The Commissioner Of Income-Tax v. M/S Karnataka Power Transmission Corporation Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE 3l[ST|]DAY OF OCTOBER, 2019 BEFORE. THE HON'BLE MR. JUSTICE RAVI MALIMATH AND THE HON’BLE MR. JUSTICE ASHOK S. KINAGI INCOME TAX APPEAL NO.588 OF 2701 BETWEEN: Ll.THE COMMISSIONER OF INCOME-TAX |LTU, 7 FLOOR, BMTC BUILDING|80 FEET ROAD, KORMANGALABENGALURU-560 O95. 2DTHE INCOME-TAX OFFICER (OSD) (TDS).LTU, 7 FLOOR, BMTC BUILDING|SO FEET ROAD, KORMANGALABENGALURU-560 095. _. APPELLANTS. (BY SRI: DILIP, ADVOCATE FOR.SRI: K.V. ARAVIND, ADVOCATE) AND" M/S. KARNATAKA POWER TRANSMISSION |CORPORATION LIMITEDEXECUTIVE CHIEF ENGINEER (ELE)MAJOR WORKS DIVISION 1 FLOOR, HADADI ROAD OPPOSITE: BAPUJI BANKNEAR STADIUMDAVANGERE-5//7 OO5. . RESPONDENT (BY SRI: SHARATH, ADVOCATE FORSRI: CHYTHANYA K.K., ADVOCATE)| THIS|INCOMETAXAPPEAL|ISFILEDUNDER|SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT|OF|ORDER.DATEDO2.05.2018|PASSED|IN|LIANO.2246/BANG/2017, FOR THE ASSESSMENT YEAR 2013-2014, VIDE ANNEXURE-C, PRAYING THIS HON'BLE COURT|TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE; ALLOW THE APPEAL AND SET ASIDE THEORDERS PASSED BY THE INCOME TAX APPELLATE.TRIBUNAL, BENGALURU IN ITA NO.2246/BANG/201/7DATED 02.05.2018, VIDE ANNEXURE-C AND CONFIRM THE.ORDER OF THE APPELLATE COMMISSIONER CONFIRMING.THE ORDER PASSED BY THE INCOME TAX OFFICER (OSD)|(TDS), LTU, BENGALURU, AND TO PASS SUCH OTHER.SUITABLE ORDERS AS THIS HON'BLE COURT DEEMS FIT.TO GRANT IN THE FACTS AND CIRCUMSTANCES OF THE.CASE IN THE INTEREST OF JUSTICE AND EQUITY. OK OOK THIS INCOME TAX APPEAL COMING ON FOR FINAL|HEARING THIS DAY, RAVI MALIMATH J., DELIVERED THEFOLLOWING: JUDGMENT The learned counsel for the appellants submit tnatthe appeal is not maintainable in view of the monetarylimits in terms of Circular No.1/7 of 2019 dated 08.08.2019 passed by Director (1TJ), Central Board Direct Taxes, New|Delnl. 2).In view of the submission made, the appeal is Gismissed as sucn. Sd/-JUDGE *pgn/-| Sd/-| JUDGE |