Commissioner of Income-tax, Mangalore / Income-tax Officer Ward 1(2), Mangalore v. Sri.Rama Krishna Credit Co-operative Society Ltd
[Citation -2014-LL-0826-54]

Citation 2014-LL-0826-54
Appellant Name Commissioner of Income-tax, Mangalore / Income-tax Officer Ward 1(2), Mangalore
Respondent Name Sri.Rama Krishna Credit Co-operative Society Ltd.
Court HIGH COURT OF KARNATAKA
Relevant Act Income-tax
Date of Order 26/08/2014
Assessment Year 2010-11
Judgment View Judgment
Keyword Tags benefit of deduction
Bot Summary: APPELLANTS AND: Sri.Rama Krishna Credit Co-operative Society Ltd., No.3/W/31/2572 SRS Home Bunts Hostel Circle Kodialbail, Mangalore PAN AAAAS3576Q RESPONDENT : 2 : This ITA is filed under Section 260-A of I.T.Act, 1961 arising out of Order dated 28.03.2014 passed in ITA No.1500/Bang/2013, for the Assessment Year 2010-11 praying to decide the foregoing question of law and/or such other questions of law as may be formulated by the Hon ble Court as deemed fit and set aside the appellate order dated 28.03.2014 passed by the Income Tax Appellate Tribunal C Bench, Bangalore, in appeal proceedings No.ITA No.1500/Bang/2013 for Assessment Year 2010-11. This Appeal coming on for Admission, this day, N.KUMAR, J., delivered the following: JUDGMENT The Revenue has preferred this appeal against the order passed by the Tribunal granting benefit of deduction under Section 80P(2) of the Income Tax Act to the assessee-society. The Tribunal has relied on the judgment of this Court in the case of COMMISSIONER OF INCOME-TAX vs. SRI BILURU GURUBASAVA PATTINA SAHAKARI SANGHA : 3 : NIYAMITHA, BAGALKOT and has extended the benefit to the assessee. As the Tribunal has followed the judgment of this Court and granted relief to the assessee, we do not see any merit in this appeal. No substantial question of law do arises for consideration. Sri.A.Shankar, learned Counsel is permitted to file his power for the assessee within four weeks from today.


IN HIGH COURT OF KARNATAKA, BANGALORE DATED THIS 26TH DAY OF AUGUST 2014 PRESENT: HON'BLE MR.JUSTICE N.KUMAR AND HON'BLE MRS.JUSTICE RATHNAKALA ITA NO.367 OF 2014 BETWEEN: 1. Commissioner of Income Tax Attavara Mangalore. 2. Income Tax Officer Ward 1(2), C.R.Building Attavara Mangalore 575 001. APPELLANTS (By Sri.E.I.Sanmathi, Advocate) AND: Sri.Rama Krishna Credit Co-operative Society Ltd., No.3/W/31/2572 SRS Home Bunts Hostel Circle Kodialbail, Mangalore PAN AAAAS3576Q RESPONDENT : 2 : (By Sri.A.Shankar, Advocate) This ITA is filed under Section 260-A of I.T.Act, 1961 arising out of Order dated 28.03.2014 passed in ITA No.1500/Bang/2013, for Assessment Year 2010-11 praying to decide foregoing question of law and/or such other questions of law as may be formulated by Hon ble Court as deemed fit and set aside appellate order dated 28.03.2014 passed by Income Tax Appellate Tribunal C Bench, Bangalore, in appeal proceedings No.ITA No.1500/Bang/2013 for Assessment Year 2010-11. This Appeal coming on for Admission, this day, N.KUMAR, J., delivered following: JUDGMENT Revenue has preferred this appeal against order passed by Tribunal granting benefit of deduction under Section 80P(2) of Income Tax Act to assessee-society. 2. Tribunal has relied on judgment of this Court in case of COMMISSIONER OF INCOME-TAX vs. SRI BILURU GURUBASAVA PATTINA SAHAKARI SANGHA : 3 : NIYAMITHA, BAGALKOT and has extended benefit to assessee. 3. As Tribunal has followed judgment of this Court and granted relief to assessee, we do not see any merit in this appeal. No substantial question of law do arises for consideration. Accordingly, appeal is dismissed. Sri.A.Shankar, learned Counsel is permitted to file his power for assessee within four weeks from today. Sd/- JUDGE Sd/- JUDGE Prs* Commissioner of Income-tax, Mangalore / Income-tax Officer Ward 1(2), Mangalore v. Sri.Rama Krishna Credit Co-operative Society Ltd
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