Ita.crob/29/2011 Of M/S Jsw Steel Limited v. The Commissioner Of Income-Tax

IN THE HIGH COURT OF KARNATAKA AT BANGALOREDATED THIS THE 18 DAY OF JUNE, 2012 PRESENT THE HON’BLE MR.JUSTICE D V SHYLENDRA KUMAR AND THE HON’BLE MR.JUSTICE B MANOHAR ITA. CROB. No.29 of 201 in ITA No.385 of 2010 BETWEEN: M/S JSW STEEL LIMITED(FORMERLY KNOWN AS JINDALVIJAYANAGAR STEEL LIMITED)REP. BY ITS AUTHORISED SIGNATORYSRI SURENDRANATH VANDAKUDRI,JINDAL MANSION, 5A,DR G DESHMUKH MARG,MUMBAI - 400 026—. CROSS OBJBCTOR AND: |BY SRI A SHANKAR & SRI M LAVA, ADVS.| 1.THR COMMISSIONBR OF INCOMBE-TAC.R.BUILDING, QUEENS ROAD,BANGALORE — 560 OO]C.R.BUILDING, QUEENS ROAD,BANGALORE — 560 OO] 2.THERE ASSISTANT COMMISSIONOF INCOME TAXCIRCLE - 11(5), C.R.BUILDING,QUEENS ROAD,BANGALORE —- 560 OO$RESPONDENTS IBY SRI K V ARAVIND, ADV.] THIS ITA CROB IS FILED UNDER SECTION J6O0A OF THINCOME TAX ACT, 1961 R/W O.XLI RULE 22 OF CPC 1908, ARISINGOUT OF ORDER DATED 31/09/2010, FOR THE ASSESSMENT YEAR2005-06 IN ITA NO.931/BANG/2009 AS PER ANNEXURE-A AND ETC., THIS ITA CROB COMING ON FOR ADMISSION THIS DAY, D VSHYLENDRA KUMAR.J., DELIVERED THE FOLLOWING: JU DGMENT This cross objection is filed by the assessee undersection 260-A of the Income Tax Act, 1961 |for short ‘theAct’| read with Order XLI Rule 22 of the Civil ProcedureCode, 1908, seeking to set aside the findings of the Tribunalin terms of the order passed in ITA No.931/Bang/2009dated 31.5.2010 for the assessment year 2005-06 [copy atAnnexure-A]. 2.Heard Sri. A Shankar, learned counsel for the CrossObjector and Sri. K V Aravind, learned counsel appearing forthe respondents — revenue. 3.In view of the ruling of this court in the case ofSMT.JYOTIKUMARIVU,ASSISTANTSOMMISSOF INCOME TAX’reported in|[2012] 344 ITR 60,that crossobjection in an appeal under section 260-A of the Act is not 98:?6<8��9012�34522�56783915:�12�:59�A?1:9?1:?6<8�?:= 90848;548�12�=12A1228=� �!"#������!"#����� ����