Tax And Another v. M/S Bank Note Paper Mill.india Private Limited In Ita

1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE 09 DAY OF NOVEMBER, 2018 BEFORE THE HON BLE MR. JUSTICE RAVI MALIMATH AND| THE HON'BLE MR. JUSTICE A.S.BELLUNKE | INCOME TAX APPEAL NO.113 OF 2018 BETWEEN: 1.THE PRINCIPAL COMMISSIONER OF INCOME TAX59TH FLOOR, BMTC BUILDING59TH FLOOR, BMTC BUILDING 80 FEET ROAD|KORAMANGALA|KORAMANGALA| BENGALURLU - 560 O95. 2).THE INCOME TAX OFFICERWARD-1(1)(3)WARD-1(1)(3) 2TH FLOOR, BMTC BUILDING 80 FEET ROAD KORAMANGALABENGALURLU - 560 095. | ... APPELLANTS (BY SRI: ARAVIND K V, ADVOCATE) AND M/S BANK NOTE PAPER MILL INDIAPRIVATE LIMITED|1ST FLOOR, S.R.COMPLEX, NO. 2THAVAREKERE MAIN ROAD S G PALYA, DRC POSTBENGALURLU —- 560 O29PAN: AAECB 327245M. ... RESPONDENT THIS|INCOME|TA®XAPPEAL|IS|FILED|UNDER|SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT|OF ORDER DATED 10.11.2017, PASSED IN ITA NO.|1162/BANG/2016, FOR THE ASSESSMENT YEAR 2012-2013, PRAYING THIS HON BLE COURT TO FORMULATE THESUBSTANTIAL QUESTIONS OF LAW STATED ABOVE;|ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED.BY THE INCOME-TAX APPELLATE TRIBUNAL, BENGALURULN|LTA]NO.1162/BANG/2016.DATED10.11.7201 CONFIRMING.THE|ORDER.OF|THE|APPELALIECOMMISSIONER AND CONFIRM THE ORDER PASSED BY.THE INCOME TAX OFFICER, WARD-1(1)(3), BENGALURU|AND TO PASS SUCH OTHER SUITABLE ORDERS AS THIS.HON BLE COURT DEEMS FIT TO GRANT IN THE FACTS AND|CIRCUMSTANCES OF THE CASE AND IN THE INTEREST OF.JUSTICE AND EQUITY. OK OOK THIS INCOME JAX APPEAL COMING ON FOR]ADMISSION THIS DAY, RAVI MALIMATH J., DELIVERED|THE FOLLOWING: JUDGMENT The learned Counsel for the appellants submit thatthe substantial question of law that arises for consideration|in this appeal is covered by the judgment of this Court in- the case of THE PRINCIPAL COMMISSIONER OF INCOME| TAX AND ANOTHER VS. M/S BANK NOTE PAPER MILL.INDIA PRIVATE LIMITED in ITA No.690 of 2017, wherein it is neld against the revenue. Hence, ne pleads that the.appeal be dismissed. 2).The submission of the learned counsel for the|appellants is placed on record. Tne appeal is accordingly dismissed. SD/- | SD/-_ JUDGE JUDGE *pgn/-|