Ita/640/2018 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.640 OF 7201 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 LITD.,CHIEF ENGINEER (ELE) TRANSMISSION ZONE |PRASARANA BHAVANAFITS COMPOUND, N.R.MOHALLAMYSURU-5 /O0OOO ... 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.2300/BANG/2017, FOR THE ASSESSMENT YEAR 2014-2015, PRAYING THIS HON'BLE COURT TO (ij) FORMULATETHE SUBSTANTIAL QUESTIONS OF LAW STATED ABOVE|(ii) ALLOW THE APPEAL AND SET ASIDE THE ORDERS|PASSED BY THE INCOME TAX APPELLATE TRIBUNAL,BENGALURUINITA]NO.2300/BANG/2017—DATEDO7.05.7018 FOR ASSESSMENT YEAR 2014-2015 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 |