Ita/888/2007 Of The Commissioner Of Income Tax v. M/S Itti Ltd
High Court
14 Aug 2012 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/888/2007 Of The Commissioner Of Income Tax v. M/S Itti Ltd
Date of order
14 Aug 2012
Assessment year(s)
1999-2000
Outcome
Dismissed
Case summary
In Ita/888/2007 Of The Commissioner Of Income Tax v. M/S Itti Ltd, the High Court (2012) dismissed the appeal. The decision went in favour of the assessee.
Decision: Accordingly, the appeal is dismissed.
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 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.888/2007
BETWEEN :
1 THE COMMISSIONER OF INCOME TAX
CENTRAL CIRCLE, C.R. BUILDING
QUEENS ROAD, BANGALORE.
2 THE ASSISTANT COMMISSIOENR OF INCOME TAX, CIRCLE - 11(3)C R BUILDING, QUEENS ROAD,BANGALORE. OF INCOME TAX, CIRCLE - 11(3)C R BUILDING, QUEENS ROAD,BANGALORE.
..APPELLANTS
(By Sri K V ARAVIND, ADV.)
AND :
M/S ITTI LTD1/5, SANTOSH COMPLEXARMUGHAM CIRCLEBASAVANAGUDIBANGALORE – 560004.
...RESPONDENT
(By Smt.VANI H, ADV.)
This ITA filed u/S.260-A of I.T.Act, 1961 arising out of Order dated 18-07-2007 passed in ITA No. 250/BANG/2006 for the Assessment Year 1999-2000, 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. 250/BANG/2006 dated 18-07-2007 confirming the order of the Appellate Commissioner & confirm the Order passed by the Asst.Commissioner of Income Tax, Circle-11(3), Bangalore.
This Appeal coming on for final hearing this day, K.SREEDHAR RAO, J, delivered the following:
JUDGMENT
In view of the decision of this Court in ITA No.462/2007 DD
12.10.2011, the questions of law are answered against the revenue.
Accordingly, the appeal is dismissed.
Sri K S Ramabhadran, Advocate, is permitted to file power for the respondent.
Sd/-JUDGE
Sd/-JUDGE
bkm.
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