Ita/630/2018 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.630 OF 2720 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-560095 ... APPELLANTS (BY SRI: DILIP, ADVOCATE FOR-SRI: ARAVIND K.V., ADVOCATE). AND" M/S KARNATAKA POWER TRANSMISSION _CORPORATION LTD.,EXECUTIVE ENGINEER (ELE)MAJOR WORKS DIVISION, KPTCL 1 FLOOR, ZONAL OFFICE COMPLEX|NEAR 110KV NAVANAGAR GRID (OLD SHED)NAVANAGARBAGALKOT-58/103. ... 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.DATED02.05.2018,|PASSEDIN|ITANO.2288/BANG/2017, FOR THE ASSESSMENT YEAR 2013-2014, VIDE ANNEXURE-C, PRAYING THIS HON BLE COURT|TO (1) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE (ii) ALLOW THE APPEAL AND SET ASIDE)THE ORDERS PASSED BY THE [INCOME TAX APPELLATETRIBUNAL, BENGALURU IN ITA NO.2288/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|DEEMSFLT.TO)GRANT|IN|THE|FACTSANDCIRCUMSTANCES OF THE CASE IN THE INTEREST OF.JUSTICE AND EQUITY. AK AK THIS INCOME TAX APPEAL COMING ON HEARINGFOR THIS DAY, RAVI MALIMATH J., DELIVERED THE.FOLLOWING: C 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 ZO1L9 dated 08.08.201passed by Director (1TJ), Central Board Direct Taxes, New)Delnl. 2).In view of the submission made, the appeal isdismissed as such. Sd/- JUDGE *pgn/-— Sd/- JUDGE |