The Commissioner of Income-tax-III, Bangalore/ The Assistant Commissioner of Income-tax, Central Circle-1(2), Bangalore v. V Lakshminarayana
[Citation -2015-LL-0306-8]
| Citation | 2015-LL-0306-8 |
|---|---|
| Appellant Name | The Commissioner of Income-tax-III, Bangalore/ The Assistant Commissioner of Income-tax, Central Circle-1(2), Bangalore |
| Respondent Name | V Lakshminarayana |
| Court | HIGH COURT OF KARNATAKA |
| Relevant Act | Income-tax |
| Date of Order | 06/03/2015 |
| Assessment Year | 1998-99 |
| Judgment | View Judgment |
| Keyword Tags | imposition of penalty |
| Bot Summary: | RESPONDENT 2 This ITA is filed Under Sec.260-A of Income Tax Act 1961, arising out of order dated:05/06/2014 passed in ITA No.868/Bang/2010, for the Assessment Year 1998-99. THIS ITA COMING ON FOR ORDERS THIS DAY, VINEET SARAN J. DELIVERED THE FOLLOWING: JUDGMENT The revenue has preferred this appeal challenging the order passed by the Tribunal which has set aside the imposition of penalty following a judgment of this Court passed in the case of Commissioner of Income-Tax another vs- Manjunatha Cotton and Ginning Factory in 359 ITR 565. We do not see any justification to interfere with the impugned order and allow this appeal. It is submitted that the Revenue has preferred an appeal before the Hon ble Supreme Court against the said judgment of this Court and it is still pending. 3 In the event of the revenue succeeding in the appeal, liberty is reserved to the revenue to revive this appeal. |