Ita/591/2018 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.591 OF 2018 BEI|WEEN 1.)THE COMMISSIONER OF INCOME-TAX |LTU, 7TH FLOOR, BMTC BUILDING SO FEET ROAD, KORAMANGALA|BENGALURU-560095LTU, 7TH FLOOR, BMTC BUILDING SO FEET ROAD, KORAMANGALA|BENGALURU-560095 D> |THE INCOME TAX OFFICER(OSD)( TDS)LTU, 7TH FLOOR, BMTC BUILDING80 FEET ROAD, KORMANGALABENGALURU-560095LTU, 7TH FLOOR, BMTC BUILDING80 FEET ROAD, KORMANGALABENGALURU-560095 _.. APPELLANTS (BY SRI: DILIP, ADVOCATE FOR-SRI: ARAVIND K.V., ADVOCATE) AND= M/S KARNATAKA POWER TRANSMISSION _CORPORATION LTD., KPTCL|EXECUTIVE ENGINEER(ELE)MAJOR WORKS DIVISION, NO.108 | KPTCL BHAVAN, SANTHEPETEHASSAN-5/732701 ... RESPONDENT| (BY SRI: SHARATH, ADVOCATE FOR.SRI: 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.2249/BANG/2017, FOR THE ASSESSMENT YEAR 2013-2014 (VIDE ANNEXURE-C), PRAYING THIS HON BLE)COURT TO (i) FORMULATE THE SUBSTANTIAL QUESTIONS|OF LAW STATED ABOVE (ii) ALLOW THE APPEAL AND SETASIDE THE ORDERS PASSED BY THE INCOME TAX.APPELLATETRIBUNAL, BENGALURUIN|ITANO.2249/BANG/2017 DATED 02.05.2018 AND CONFIRM||THEORDER.OF|THE|APPELLATECOMMISSIONER|CONFIRMING THE ORDER PASSED BY THE INCOME TAX.OFFICER(OSD)( TDS),LTU,BENGALURU, VIDE.ANNEXURE-C 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. AK AK THIS INCOME TAX APPEAL COMING ON FORHEARING THIS DAY, RAVI MALIMATH J., DELIVERED THE.FOLLOWING: JUDGMENT The learned counsel for the appellants submit that the appeal is not maintainable in view of the monetary. limits 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_ qaismissed as sucn. Sd/-.JUDGE | Sd/- JUDGE *pgn/-|