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IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 11TH DAY OF OCTOBER, 2022 PRESENT THE HON'BLE MR. JUSTICE P.S.DINESH KUMAR AND THE HON’BLE MR. JUSTICE C.M. POONACHA I.T.A. No.23 OF 2019
BETWEEN
1 . THE PR. COMMISSIONER OF INCOME TAX CIT(A) C R BUILDING, ATTAVARA MANGALURU-575 001
2 . THE ASST. COMMISSIONER OF INCOME TAX CIRCLE-2(1) C R BUILDING, ATTAVARA MANGALURU-575 001 ...APPELLANTS (BY SRI DILIP M, ADVOCATE FOR SRI ARAVIND K V, ADVOCATE)
AND
M/S. THE MANGALORE CATHOLIC CO-OPERATIVE BANK LIMITED ST.ALOYSIUS COLLEGE ROAD HAMPANKATTA MANGALURU-575 001 …RESPONDENT (BY SRI BALRAM R RAO, ADVOCATE)
2 THIS INCOME TAX APPEAL UNDER SEC.260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 14.09.2018 PASSED IN ITA NO. 19/PAN/2017, FOR THE ASSESSMENT YEAR 2013-2014, PRAYING TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED ABOVE AND ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, BENGALURU IN ITA NO. 19/PAN/2017 DATED 14/09/2018 FOR ASSESSMENT YEAR 2013-2014 ANNEXURE-C CONFIRMING THE ORDER OF THE APPELLATE COMMISSIONER AND CONFIRM THE ORDER PASSED BY THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-2(1), MANGALURU AND ETC.,
THIS ITA COMING ON FOR HEARING, THIS DAY P.S. DINESH KUMAR J., DELIVERED THE FOLLOWING:
JUDGMENT Sri Balaram R. Rao, learned Advocate for the respondent submits that the two substantial questions of law raised in this appeal on 31.10.2019 are covered by the decisions in the case of The Pr. Commissioner of Income-tax, CIT(A) and another Vs. M/s. South Canara District, Central Co-operative Bank Ltd., in ITA No.393/2016 decided on 14.12.2021.
The said submission is not disputed by Sri Dilip M., learned standing counsel for the appellants. 3. In view of the above, substantial questions of law raised in this appeal are held against the Revenue and in favour of the Assessee and this appeal stands dismissed.
(SD/-)
JUDGE
(SD/-)
JUDGE