The Commissioner of Income-tax, LTU, Bangalore / Addl. Commissioner of Income-tax, LTU, Bangalore v. Vijaya Bank
|The Commissioner of Income-tax, LTU, Bangalore / Addl. Commissioner of Income-tax, LTU, Bangalore
|HIGH COURT OF KARNATAKA
|Date of Order
|Mr.Pukale Manoj Devinder, learned counsel for the respondent. This appeal under Section 260A of the Income Tax Act, 1961 has been preferred by the revenue. The subject matter of the appeal pertains to the Assessment year 2006-07. The appeal was admitted by a bench of this Court vide order dated 09.01.2013 on the following substantial question of law: Whether the tribunal was correct in holding that invoking of Section 263 of the Act by the Commissioner of Income Tax for revising the order passed by the Assessing Officer order giving effect to CIT order 3 is bad on the ground that the items considered under Section 263 of the Act, were not subject matter in appeal before the Appellate Commissioner, when the order giving effect was contrary to the finding recorded by the Appellate Commissioner in appeal and recorded a perverse finding 3. When the matter was taken up today, learned counsel for the parties jointly submitted that in view of the judgment dated 16.01.2020 passed in ITA No.18/2014 as well as judgment dated 22.01.2020 passed in ITA No.142/2016, the issue framed in this appeal has been rendered academic. For the reasons assigned by this Court in ITA Nos.18/2014 and 142/2016, the appeal is disposed of.