Ita/658/2007 Of The Commissioner Of Income Tax v. Shri K L Ramachandra (Huf)

IN THE HIGH COURT OF KARNATAKA, BANGALORE DATED THIS THE 28 DAY OF AUGUST, 2012| PRESENT THR HON'BLE MR. JUSTICE K.SREBDHAR RAO ANT) THR HON'BLE MR. JUSTICK B.MANOHAR 1.T.A. No.658 OF 2007C/W.1.T.A. No.656 OF 2007 1.T.A. No.658 OF 2007:m BETWEEN: 1.The Commissioner of Income Tax,C.R. Building,C.R. Building, Queens Road, Bangalore. 2.The Deputy Commissioner of Income Tax,Central Circle-1(1),C.R. Building,Central Circle-1(1),C.R. Building, Queens Road, Bangalore. Appellants (By Sri K.V. Aravind, Advocate) AND: ohri K.L. Ramachandra (HUF),No.9, Seshadri Road, Bangalore-9Q. Respondent (By Sri C.R. Sundaresh & Sri 8S. Sukumar, Advocates) This I.T.A. is filed U/s.2600-A of the I.T. Act, 1961arising out of Order dated 06.12.2006 passed in ITANo.494/BNG/2005, for the Assessment Year 2000-01,praying that this Hon’ble Court may be pleased to: |(i) formulate the substantial questions of law stated thereinand (ii) allow the appeal and set aside the order passed bythe ITAT, Bangalore in ITA No.494/BNG/2005, dated|06.12.2006contirmthe|ordersOT the|AppellateCommissioner and confirm the order passed by the DeputyCommissioner of Income Tax, Central Circle-1(1), Bangalorein the interest of justice and equity. 1.T.A. No.656 OF 2007:m BETWEEN: 1.)The Commissioner of Income Tax,C.R. Building,Queens Road,Bangalore.C.R. Building,Queens Road,Bangalore. iaThe Deputy Commissioner of Income Tax,Central Circle-1(1),C.R. Building,Queens Road,Bangalore.Central Circle-1(1),C.R. Building,Queens Road,Bangalore. Appellants (By Sri K.V. Aravind, Advocate) ANT) ohri K.L.A. Padmanabhasa (HUF),No.9, Seshadri Road,Bangalore-Y. Respondent. (By Sri C.R. Sundaresh & Sri 8S. Sukumar, Advocates) This I.T.A. is filed U/s.2600-A of the IT. Act, 1961|arising out of Order dated 06.12.2006 passed in ITA No.493/BNG/2005, for the Assessment Year 2000-01,praying that this Hon’ble Court may be pleased to: |(i) formulate the substantial questions of law stated thereinand (ii) allow the appeal and set aside the order passed bythe ITAT, Bangalore in ITA No.493/BNG/2005, dated|06.12.2006 confirm the orders of the Deputy Commissionerof Income Tax, Central Circle-1(1), Bangalore in the interestof justice and equity. praying that this Hon’ble Court may be pleased to: | These appeals are coming on for final hearing this day,SREEDHAR RAO, J.,delivered the following: JU DBGMENT In the above appeals, the assessee offered the income|as business income and claimed certain deductions. TheAssessing Officer considered the income as “from othersources’ and disallowed the deduction. In view of thedecision of this court in ITA No.121/2007 these appeals arealso to be disposed of on similar terms with regard to thequestion of monetary limit to prefer an appeal. 2. However on merits, this court in ITA No.18/2005| D.D.on 9.3.2010 has held the issued in favour of therevenue. Accordingly, the appeals are disposed of. | ���!"�+22"..+'3&�+("�+3�.%A"(34�3#�$+;"�+'�+22.%*+3%#'�)#(�("8%8+.�#)�+22"+.&�&-AD"*3�3#�3!"�("&-.3�#)�3!"�/"*%&%#'�%'� �����#��H>=�<������� 2&0I� �/< ������� �/< �������