Ita/815/2008 Of The Commissioner Of Income Tax v. Shri T V Mukund

IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE 14 DAY OF AUGUST 2012 PRESENT THE HON'BLE MR. JUSTICE K.SREEDHAR RAO AND THE HON'BLE MR. JUSTICE B.MANOHAR ITA No.815/2008 BETWEEN : 1 THE COMMISSIONER OF INCOME TAXC R BUILDING, QUEENS ROADBANGALORE.C R BUILDING, QUEENS ROADBANGALORE. 2 THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1)C R BUILDING, QUEENS ROADBANGALORE. OF INCOME TAX, CIRCLE-3(1)C R BUILDING, QUEENS ROADBANGALORE. .. APPELLANTS (By Sri K V ARAVIND, ADV.) AND : SHRI T V MUKUNDC/O TRUST PACK 2/1, 3RD CROSS, MYSORE ROADBANGALORE. ...RESPONDENT This ITA filed u/S.260-A of I.T.Act, 1961 arising out of Order dated 11-03-2008 passed in ITA No. 751/BANG/2007, for the Assessment Year 2002-03, praying that this Hon'ble Court may be pleased to: i. formulate the substantial questions of law stated therein, ii. allow the appeal and set aside the order passed by the ITAT Bangalore in ITA No. 751/BNG/2007,dated 11-03-2008 confirm the orders of the Assistant Commissioner of Income Tax , Circle-3(1), Bangalore.. This ITA coming on for final hearing this day, K.SREEDHAR RAO, J, delivered the following: JUDGMENT In view of the decision of the Supreme Court in the case of Guffic CHEM (P) Ltd, -vs- Commissioner of Income Tax & anr. reported in (2011) 332 ITR 602, the questions of law are answered against the revenue. Accordingly, the appeal is dismissed. Sd/-JUDGE Sd/-JUDGE bkm.