Ita/656/2018 Of The Commissioner Of Income-Tax v. M/S Karnataka Power Transmission

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.656 OF 7018 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 LTD.,CHIEF ENGINEER (ELE)TRANSMISSION ZONE, KPTCL| PRASARANA BHAVANNEAR BUDDA VIHAR CROSSSEDAM ROADKALABURAGI-585105 ... 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.2297/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.2297/BANG/201/7DATED 02.05.2018 FOR ASSESSMENT YEAR 2013-2014,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 JT0O PASS SUCH OTHER SUITABLORDERS 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 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 |