THE COMMISSIONER OF INCOME TAX vs SRI S L BASAVARAJ

- 1 - IN THE HIGH COURT OF KARNATAKA AT BANGALORE

DATED THIS THE 25th DAY OF SEPTEMBER 2013 PRESENT THE HON’BLE MR.JUSTICE DILIP B.BHOSALE AND

THE HON’BLE MR.JUSTICE B.MANOHAR

I.T.A.NO.380/2007

BETWEEN:

The Commissioner of Income Tax, 284/1, Park View Bldg., 4th Main, P.J.Extn.,

Davangere-2.

The Asst. Commissioner of Income Tax Circle-1, Shimoga.

…APPELLANTS

(By Sri.K.V.Aravind, Adv.)

AND:

Sri.S.L.Basavaraj, Proprietor, Laxmi Wine Stores, Durgigudi, Shimoga.

...RESPONDENT

(By Sri.K.K.Chythanya, Adv.)

This appeal is filed under Section 260-A of I.T.Act, 1961, arising out of order dated 22.09.2006 passed in MP No.72/Bang/06 dated 19.10.06 in ITA

- 2 - No.3170/Bang/2004 for the Assessment year 2001-02 praying to formulate the substantial questions of law stated therein and allow the appeal and set aside the order passed by the ITAT, Bangalore, in MP No.72/Bang/2006 dated 19.10.06 in ITA No.3170/Bang/2004 dated 02.03.2005 and confirm the order passed by the Assessing Officer, in the interest of justice and equity.

This appeal coming on for hearing this day, DILIP B.BHOSALE J, delivered the following:-

PC:

Learned Counsel for the respondent, at the outset, invited our attention to Instruction No.2/2005 dated 24.10.2005 issued by the Central Board of Direct Tax, to submit that since the tax effect, in the present case, does not exceed Rs.4,00,000/-, this appeal is not maintainable. In support, he also invited our attention to Section 268A of the Income Tax Act.

Having confronted with this, Mr.Arvind, learned Counsel for the revenue could not and did not dispute the submissions advanced by the learned Counsel for the respondent.

- 3 -

In view thereof and considering the Instruction No.2/2005 dated 24.10.2005 read with Section 268A of the Act, we dispose of the appeal as not maintainable.

Sd/-

JUDGE

Sd/-

JUDGE

Prs*

THE COMMISSIONER OF INCOME TAX vs. SRI S L BASAVARAJ