THE PR. COMMISSIONER OF vs. M/S KAVERI GRAMEENA BANK

ITA No.324/2017

-1- IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 22ND DAY OF NOVEMBER 2017

PRESENT

THE HON’BLE MR.H.G.RAMESH ACTING CHIEF JUSTICE

AND

THE HON’BLE MR. JUSTICE P.S.DINESH KUMAR INCOME TAX APPEAL NO.324/2017

BETWEEN :

...APPELLANTS

(BY SRI K.V.ARAVIND, ADVOCATE)

AND :

M/S.KAVERI GRAMEENA BANK (FORMERLY CAUVERY KALPATHARU GRAMEENA BANK), CA-20 2ND STAGE, VIJAYANAGARA MYSORE

...RESPONDENT

(BY SRI A.SHANKAR & SRI M.LAVA, ADVOCATES)

THIS INCOME TAX APPEAL IS FILED UNDER SECTION 260-A OF INCOME TAX ACT, 1961 PRAYING TO FORMULATE THE

ITA No.324/2017

-2- SUBSTANTIAL QUESTIONS OF LAW AND TO SET ASIDE THE ORDER DATED 18.11.2016 PASSED IN ITA NO.1077/BANG/2013 FOR THE ASSESSMENT YEAR 2009-10 BY THE ITAT, BENGALURU.

THIS INCOME TAX APPEAL COMING ON FOR ADMISSION, THIS DAY, THE ACTING CHIEF JUSTICE DELIVERED THE FOLLOWING:

JUDGMENT

Ag.CJ (Oral):

Learned counsel appearing for the appellants submits that the first question raised in this appeal does not arise for consideration. He submits that the second question is answered against the appellants by this Court in CIT & Anr. vs. Karnataka Vikas Grameen Bank [(2016) 282 CTR (Kar) 517]. The appeal is accordingly dismissed.

Appeal dismissed.

Sd/-

ACTING CHIEF JUSTICE

Sd/-

JUDGE

bkv