Ita/896/2007 Of The Commissioner Of Income Tax v. M/S Shyam Sunder Bhathija
High Court
05 Nov 2012 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/896/2007 Of The Commissioner Of Income Tax v. M/S Shyam Sunder Bhathija
Date of order
05 Nov 2012
Assessment year(s)
2003-2004
Outcome
Dismissed
Case summary
In Ita/896/2007 Of The Commissioner Of Income Tax v. M/S Shyam Sunder Bhathija, 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 05TH DAY OF NOVEMBER 2012
PRESENT
THE HON'BLE MR. JUSTICE K.SREEDHAR RAO
AND
THE HON'BLE MR. JUSTICE B.V.PINTO
BETWEEN:
ITA No.896/2007
1THE COMMISSIONER OF INCOME TAX,C.R. BUILDING,QUEENS ROAD,BANGALORE.
2THE ASSISTANT COMMISSIONER OF INCOME TAX,CIRCLE- 5(1),C.R. BUILDING,QUEENS ROAD,BANGALORE.
APPELLANTS
(BY SRI K.V. ARAVIND, ADVOCATE)
AND:
M/S. SHYAM SUNDER BHATHIJA,SOUKAT BUILDING,SJP ROAD,BANGLAORE.
(BY SRI A. SHANKAR, ADVOCATE)
RESPONDENT
This ITA is filed u/S.260-A of I.T. Act, 1961 arising out of Order dated 18-07-2007 passed in ITA No.849/BANG/2006 for the Assessment Year 2003-2004, praying that this Hon'ble Court may be pleased to: (i) formulate the substantial questions of law stated therein and (ii) allow the appeal and set aside the Order passed by the ITAT, Bangalore in ITA 896/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-5(1), Bangalore, in the interest of justice and equity.
This appeal is coming on for final hearing this day, SREEDHAR RAO, J., delivered the following:
JUDGMENT
The tax liability Rs.82,49,709/-. In view of the circular
No.2/2005 dated 24.10.2005 the appeal is not maintainable. Accordingly, the appeal is dismissed.
Sd/-
JUDGE
Sd/-JUDGE
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