Rp/537/2013 Of The Commissioner Of Income Tax v. Sri.k.govinda Reddy

IN THE HIGH COURT OF KARNATAKA, BENGALURUDATED THIS THE: DAY OF JANUARY 2015) PRESENT THR HON’BLE MR. JUSTICE N.KUMAR ANT) THR HON’BLE MR.JUSTICKH B.MANOHAR REVIEW PETITION NO.537 OF 2013IN ITA NO.1022 OF 2008 BETWEEN : 1.THE COMMISSIONEBR OF INCOME -TA C.R.BUILDING QUEENS ROAD BANGALORE 2.THERE DEPUTY COMMISSIONER OF INCOME-TAX| CENTRAL CIRCLE 1(3) C.R.BUILDING QUEENS ROAD BANGALORE .. PKHTITIONERS (BY SRI.K.V.ARAVIND, ADV.) AND : SRI.K.GOVINDA REDDYNO.1198, RENUKA NILAYA# CROSS, HAL II STAGENEW THIPPASANDRABANGALORE — 560 075| _ RESPONDENT| THIS REVIEW PETITION IS FILED UNDER ORDER 47 RULE1OFCPC,PRAYINGTO)REVIEWTHERORDERDATED03/10/2012 PASSED IN ITA NO.1022/2008 ON THE FILE OF THE)HON’BLE HIGH COURT OF KARNATAKA, BANGALORE. THIS RBEVIBW PRTITION [IS COMING ON FOR ORDERS THIDAY,N.KUMAR J., MADE THE FOLLOWING: ORDER This review petition is filed by the revenue seekingreviewOT|theOrderdated03.10.2012.passedITA No.1022/2008. It relates to levy of penalty, which is |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. in | |It is submitted that the order of block assessment itself is set aside. In that view of the matter, no penalty can beimposed. © Accordingly, review petition is dismissed.| HJ SD/- JUDGE SD/-. JUDGE