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IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 22ND DAY OF JANUARY 2020 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND
THE HON’BLE MR. JUSTICE RAVI V. HOSMANI
ITA No.583/2013
BETWEEN:
The Commissioner of Income-tax, Mangalore- 575 001.
The Deputy Commissioner of Income Tax, Circle – 1, Udupi-576 001.
...APPELLANTS
(BY SRI. E.I SANMATHI, ADVOCATE )
AND:
M/s Syndicate Bank, H.O. Manipal-576 104, …RESPONDENT
(BY SRI. T SURYANARAYANA, ADVOCATE)
THIS INCOME TAX APPEAL IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 07.06.2013 PASSED IN ITA NO.377/BANG/2010,FOR THE ASSESSMENT YEAR 1990-1991.
THIS APPEAL COMING ON FOR FINAL HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING:
JUDGMENT
Sri. E.I.Sanmathi, learned counsel for the revenue.
Sri. T Suryanarayana, learned Counsel for the respondent.
This appeal, under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’ for short) has been filed by the revenue which was admitted by this Court today on the following substantial question of law:
“Whether the Tribunal has committed an error in law in holding that the Book Profit to be adopted for the purpose of Sec. 115J was a negative figure of Rs.3.38 crore?”
Admittedly, the aforesaid substantial question of law has been answered by us vide judgment dated 16.1.2020 passed in ITA No.18/2014.
3 Accordingly, the aforesaid substantial question of law is answered in terms of the judgment dated 16.01.2020 passed in ITA No.18/2014.
The appeal is disposed of.
Sd/- JUDGE
Sd/-
JUDGE Psg*