Ita/755/2017 Of The Commisssioner Of Income Tax v. M/S Cec Soma-Cici J V
High Court
31 Oct 2019 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/755/2017 Of The Commisssioner Of Income Tax v. M/S Cec Soma-Cici J V
Date of order
31 Oct 2019
Assessment year(s)
2013-2014
Outcome
Dismissed
Case summary
In Ita/755/2017 Of The Commisssioner Of Income Tax v. M/S Cec Soma-Cici J V, the High Court (2019) dismissed the appeal. The decision went in favour of the assessee.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
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.755 OF 2701
BEI|WEEN
1.THE COMMISSIONER OF INCOME-TAXINTERNATIONAL TAXATION" FLOOR, BMTC BUILDING.80 FEET ROAD, KORAMANGALA|BENGALURU-560 095.INTERNATIONAL TAXATION" FLOOR, BMTC BUILDING.80 FEET ROAD, KORAMANGALA|BENGALURU-560 095.
2DTHE DEPUTY COMMISSIONER OF INCOME-TAXINTERNATIONAL TAXATIONCIRCLE-2(1),INTERNATIONAL TAXATIONCIRCLE-2(1),
+ FLOOR, BMTC BUILDING|80 FEET ROAD|KORAMANGALA|BENGALURU-560 O95.80 FEET ROAD|KORAMANGALA|BENGALURU-560 O95.
_. APPELLANTS.
(BY SRI: DILIP, ADVOCATE FOR-SRI: K.V. ARAVIND, ADVOCATE)
AND"
M/S. CEC SOMA-CICI JV_OPPOSITE TO GATE NO.20,.NEAR CHINNASWAMY CRICKET STADIUM,BENGALURU-560 OO1.
RESPONDENT|
(BY SRI: M. LAVA, ADVOCATE)
THIS|INCOMETAXAPPEAL|[S|FILEDUNDER|SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT|OF ORDER DATED 06.04.2017 PASSED IN_ IT(TP)ANO.777/BANG/2016, FOR THE ASSESSMENT YEAR 2013-2014, PRAYING THIS HON BLE COURT TO FORMULATE THESUBSTANTIAL QUESTIONS OF LAW STATED ABOVE;|ALLOW THE APPEAL AND SET-ASIDE THE ORDERS PASSED.BY THE INCOME TAX APPELLATE TRIBUNAL, BENGALURUIN IT(TP)A NO.777/BANG/2016 DATED 06.04.2017 AND)CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER.CONFIRMING THE ORDER PASSED BY THE DEPUTY.COMMISSIONEROF|INCOMETAX,INTERNATIONALTAXATION, CIRCLE-2(1), BENGALURU AND TO PASS SUCH)OTHER SUITABLE ORDERS AS THIS HON'BLE COURT|DEEMSFITTO)GRANT.IN|THE|FACTSANDCIRCUMSTANCES OF THE CASE IN THE INTEREST OF.JUSTICE AND EQUITY.
OK OOK
THIS INCOME TAX APPEAL COMING ON FOR FINAL|HEARING THIS DAY, RAVI MALIMATH J., DELIVERED THEFOLLOWING:
C
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 08.08.2019
passed by Director (1TJ), Central Board Direct Taxes, New|
DelNl.
2).In view of the submission made, the appeal isqaismissed as sucn.
Sd/-
JUDGE
*pgn/-|
Sd/-.
JUDGE |
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