Ita/84/2018 Of Pr Commissioner Of Income Tax -1 v. M/S Cornerstone

Digitally signed byANUSHA VLocation: HighCourt Of Karnataka IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 14 DAY OF NOVEMBER, 2022 PRESENT THE HON'BLE MR. JUSTICE P.S.DINESH KUMAR AND THE HON'BLE MR. JUSTICE T.G.SHIVASHANKARE GOWDA INCOME TAX APPEAL NO. 84 OF 2018 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX -1 BMTC COMPLEX KORMANGALA BANGALORE 2. THE ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2) BANGALORE …APPELLANTS (BY SHRI. E.I. SANMATHI, ADVOCATE) AND: M/S. CORNERSTONE PROPERTIES PRIVATE LTD. I AND II FLOOR, NO.540 C M H ROAD, INDIRA NAGAR BANGALORE-560 038. PAN- …RESPONDENT (BY SHRI. A. SHANKAR, SENIOR ADVOCATE FOR SHRI. M. LAVA, ADVOCATE) THIS INCOME TAX APPEAL IS FILED UNDER SEC.260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 08.09.2017 PASSED IN ITA NO.1714/BANG/2013, FOR THE ASSESSMENT YEAR 2006-2007, PRAYING TO SET ASIDE THE APPELLATE ORDER DATED 08.09.2017 PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, 'B' BENCH, BANGALORE, AS SOUGHT FOR AND ETC., THIS INCOME TAX APPEAL, COMING ON FOR HEARING, THIS DAY, P.S.DINESH KUMAR J., DELIVERED THE FOLLOWING: JUDGMENT This appeal is filedby the Revenue, challenging order dated 08[th]September, 2017 in ITA No.1714/Bang/2013 for the Assessment Year 2006-2007. 2. Heard Shri E.I.Sanmathi, learned Standing Counsel for the Revenue and Shri A.Shankar, learned Senior Advocate for the respondent. 3. Shri A.Shankar, learned Senior Advocate submits that the tax effect is less than Rs.1 Crore and the same is not disputed by Shri Sanmathi. 4. In view of the above, this appeal is disposed of. No costs. Sd/- JUDGE Sd/- JUDGE AV