Everglades v. Asst. Commissioner of Income-tax Central Circle 2(3), Bangalore
[Citation -2017-LL-1130-2]
| Citation | 2017-LL-1130-2 |
|---|---|
| Appellant Name | Everglades |
| Respondent Name | Asst. Commissioner of Income-tax Central Circle 2(3), Bangalore |
| Court | HIGH COURT OF KARNATAKA |
| Relevant Act | Income-tax |
| Date of Order | 30/11/2017 |
| Assessment Year | 2007-08 |
| Judgment | View Judgment |
| Keyword Tags | requirement of satisfaction |
| Bot Summary: | This appeal is directed against the order dated 29.07.2016 passed by the Income Tax Appellate Tribunal, C Bench, Bengaluru in ITA No.347/Bang/2012. Sri A.Shankar, learned counsel appearing for the appellant and Sri Jeevan J. Neeralgi, learned counsel appearing for the respondent, after arguing the matter for some time, submit that the impugned order may be set aside and the Tribunal may be directed to reexamine the matter in the light of a Division Bench decision of this Court dated 11.03.2016 in ITA No.447/2010 and connected appeals and in accordance with law. Having regard to the facts of the case, we accept the joint submission made by learned counsel appearing for the parties and accordingly make the following order: The order dated 29.07.2016 passed by the Income Tax Appellate Tribunal C Bench, Bengaluru in ITA No.347/Bang/2012 which is impugned in this appeal is set aside. The matter is remitted to the Tribunal for -3- ITA No.666/2016 reconsideration in accordance with law and in the light of the aforesaid decision of this Court. The Tribunal shall, inter alia, examine as to whether there was compliance of the requirement of satisfaction laid down under Section 153C of the Income Tax Act, 1961. |