Ita/593/2018 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.593 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, KORAMANGALA|BENGALURU-560095LTU, 7TH FLOOR, BMTC BUILDING80 FEET ROAD, KORAMANGALA|BENGALURU-560095 _.. APPELLANTS (BY SRI: DILIP, ADVOCATE FOR-SRI: ARAVIND K.V., ADVOCATE) AND= M/S KARNATAKA POWER TRANSMISSION _CORPORATION LTDEXECUTIVE CHIEF ENGINEER(ELE)MAJOR WORKS DIVISION ANAND RAO CIRCLE NORTHBENGALURU-560009 ... 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.2251/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.APPELLAIETRIBUNAL,BENGALURUIN|LIANO.2251/BANG/2017 DATED 02.05.2018 AND CONFIRM|THE|ORDER.OF|THE|APPELLATECOMMISSIONER|CONFIRMING THE ORDER PASSED BY THE INCOME TAX.OFFICER(OSD)( TDS),LIU,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. OK OOK THIS INCOME JTAXK APPEAL COMING ON FOHEARING THIS DAY, RAVI MALIMATH J., DELIVERED THE.FOLLOWING: JUDGMENT The learned counsel for the appellants submit thatthe appeal is not maintainable in view of the monetary. limits in terms of Circular No.1/7 of 2019 dated 08.08.2019passed by Director (1TJ), Central Board Direct Taxes, New| DelNl. 2.In view of the submission made, the appeal is_ qaismissed as sucn. Sd/- JUDGE *pgn/-| Sd/-. JUDGE |