Rp/161/2020 Of Commissioner Of Income Tax v. M/S Manipal Finance Corproation Ltd

Digitally signedby K P SWETHALocation: HIGHCOURT OFKARNATAKA -1- IN THE HIGH COURT OF KARNATAKA AT BENGALURUDATED THIS THE 6 DAY OF MARCH, 2023. PRESENT THE HON'BLE MR. PRASANNA B. VARALE, CHIEF JUSTICEAND | THE HON'BLE MR. JUSTICE ASHQOK S. KINAGIREVIEW PETITION NO. 161 OF 2020IN|INCOME TAX APPEAL NO. 3/72/201 BETWEEN: 1.COMMISSIONER OF INCOME TAX)MANGALOREMANGALORE 2.DY. COMMISSIONER OF INCOME TAX] CIRCLE-1, UDUPI |PETITIONERS (BY SRI SANMATHI E Il, ADVOCATE) AND: 1.M/S MANIPAL FINANCE CORPORATION LTD MANIPAL HOUSE. MANIPAL -5/6104 |RESPONDENT (BY Ms. JINITA CHATTERJEE, ADVOCATE FOR:SRI S PARTHASARATHI, ADVOCATE) THIS REVIEW PETITION IS FILED UNDER ORDER 47 RULE 1.READ WITH SECTION 114 OF CPC PRAYING TO REVIEW THE]JUDGMENT DATED 07.11.2019 IN ITA NO.3/2/2013 AND RESTORE|THE APPEAL OF THE APPELLANT TO BE HEARD INDEPENDENTLY|AFRESH. THIS REVIEW PETITION COMING ON FOR ADMISSION THISDAY, CHIEF JUSTICE MADE THE FOLLOWING: ORDER 1. Heard the learned counsel for the review petitioners and thelearned counsel for the respondent. 2. The learned counsel for the review petitioners invited our|attention to the order dated 16.06.201/ passed by the Division|Bench of this Court in Review Petition No.41/201/7 wherein, insimilar circumstances, the review petition was allowed and IIA)Nos.1-2/2014 were restored. 3. Perused the order dated 16.06.201/ passed by the Division|Bench of this Court in Review Petition No.41/201/7. We see noreason to take a different view than the one adopted by the DivisionBench. As such, the review petition Is alloweaq and IIANo.3 /2/2013 is restored. Sd/-| CHIEF JUSTICE Sd/-|JUDGE| BKVList No.: 1 S| No.: 1)