THE COMMISSIONER OF INCOME TAX vs THE MANGALORE CO OPERATIVE BUILDING SOCIETY LTD.,

1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 14TH DAY OF DECEMBER 2015

PRESENT

THE HON’BLE MR.JUSTICE VINEET SARAN

AND

THE HON’BLE MRS.JUSTICE S SUJATHA

ITA NO.490/2015

BETWEEN

THE COMMISSIONER OF INCOME-TAX

C R BUILDING

ATTAVARA

MANGALORE-575 001.

THE INCOME-TAX OFFICER

WARD-1(2)

C R BUILDING, ATTAVARA

MANGALORE-575 001.

…APPELLANTS

(BY SRI ARAVIND K V, ADV.)

AND

THE MANGALORE CO-OPERATIVE BUILDING SOCIETY LTD., CLASSIC ARCADE K S RAO ROAD MANGALORE- 575 001. …RESPONDENT

THIS APPEAL IS FILED UNDER SECTION.260- A OF INCOME TAX ACT 1961, SET ASIDE THE ORDER PASSED BY THE ITAT, BANGALORE IN ITA NO.1615/ BANG / 2014 DATED: 08.05.2015 CONFIRMING THE ORDER OF THE APPELLATE COMMISSIONER AND CONFIRMING THE ORDER PASSED BY THE INCOME TAX OFFICER, WARD- 1(2), MANGALORE.

THIS APPEAL COMING ON FOR ADMISSION, THIS DAY, VINEET SARAN J., DELIVERED THE FOLLOWING:

JUDGMENT

Heard Sri K V Aravind, learned Counsel for the appellants and perused the records.

Learned Counsel for the Appellants does not dispute that the questions involved in this appeal are covered by the decision of this Court in the case of Commissioner of Income Tax Vs Sri Biluru Gurubasava Pattina Sahakari Sangha Niyamitha Bagalkot in ITA No.5006/2013 decided on 05.02.2014 and in the case of Commissioner of Income Tax Vs. Mangalore Co-operative Building Society Ltd., in ITA

3 No.146/2015 decided on 29.9.2015, wherein the question raised in such appeals have been answered in favour of assessee and against the revenue.

Accordingly, this appeal stands dismissed and the questions raised in these appeals are also answered in favour of the assessee and against the revenue.

Sd/- JUDGE

AN/-

THE COMMISSIONER OF INCOME TAX vs. THE MANGALORE CO OPERATIVE BUILDING SOCIETY LTD.,