Rp/535/2013 Of The Commissioner Of Income Tax v. Sri.k.muniswamy Reddy
High Court
09 Jan 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Rp/535/2013 Of The Commissioner Of Income Tax v. Sri.k.muniswamy Reddy
Date of order
09 Jan 2015
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Rp/535/2013 Of The Commissioner Of Income Tax v. Sri.k.muniswamy Reddy, the High Court (2015) dismissed the appeal. The decision went in favour of the assessee.
Decision: In that view of the matter, no penalty can beimposed. © Accordingly, review petition 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, BENGALURU
DATED THIS THE Q DAY OF JANUARY 2015)
PRESENT
THR HON’BLE MR. JUSTICE N.KUMAR
AN
THR HON’BLE MR.JUSTICE B.MANOHAR|
REVIEW PETITION NO.535 OF 2013IN ITA NO.1023 OF 2008
BETWEEN :
1.THERE COMMISSIONER OF INCOME-TA
C.R.BUILDING
QUEENS ROAD
BANGALORE
2.THERE DEPUTY COMMISSIONER OF
INCOME-TAX|
CENTRAL CIRCLE 1(3)
C.R.BUILDING
QUEENS ROADBANGALORE _. PETITIONERS|BANGALORE _. PETITIONERS|
(BY SRI.K.V.ARAVIND, ADV.)
AND :
SRI.K.MUNISWAMY REDDY|NO.19, COCONUT GARDEN.# CROSS, NEW THIPPASANDRA|BANGALORE — 560 075|
RESPONDENT.
THIS REVIEW PRTITION IS FILED UNDBR ORDER 47 RULE1ORCPC,PRAYINGTO.RBVIHWTHEORDERDATHD03/10/2012 PASSED IN ITA NO.1023/2008 ON THE FILE OF THE)HON’BLE HIGH COURT OF KARNATAKA, BANGALORE.
THIS REVIEW PRTITION [IS COMING ON FOR ORDERS THISDAY,N.KUMAR J.,5 MADE THE FOLLOWING:
ORDER
This review petition is filed by the revenue seeking —TeVIEeEot|theorderdated03.10.2012|passedITA No.1023/2008. It relates to levy of penalty, which is |
in
being set aside by this Court in the impugned order. The|penalty was imposed on the basis of the order of block'assessment passed under Section 158BC of the Income Tax|Act, 1961.
2 |It is submitted that the order of block assessmentitself is set aside. In that view of the matter, no penalty can beimposed. ©
Accordingly, review petition is dismissed.
HJ
SD/-|
JUDGE
SD/-.
JUDGE
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