COMMNR. OF INCOME TAX, BELGAUM V. BIJAPUR DIST. CENTRAL COOP. BANK

5300-2003

AI Insights

The case involves multiple Special Leave Petitions and Civil Appeals related to income tax disputes between various cooperative banks and the Commissioner of Income Tax. The primary legal issue revolved around the interpretation and application of income tax provisions as they pertain to cooperative banks. The Supreme Court referenced several precedents, particularly the decision in Commissioner of Income Tax, Jalandhar Vs. Nawanshahar Central Coop. Bank Ltd., which had a significant influence on the court's rulings in these matters. The court's decisions led to the dismissal of the SLPs and the allowance of the civil appeals, thereby resolving the disputes in favor of the cooperative banks.

• Counselvise Citation: [2006] 140 COUNSELVISE.COM (IT) 554674 (SC)
• Appeal Type: Supreme court cases
• Pronouncement Date: 06-01-2006
• Other Referred Cases: Commissioner of Income Tax, Jalandhar Vs. Nawanshahar Central Coop. Bank Ltd.
• Result in Favour of: Others
• Court: SUPREME COURT
• Department Lawyers: DHRUV MEHTA
• Assessee Lawyers: MOHAN PARA SARAN; ANUVRAT SHARMA
• Keywords: Civil Appeal; Income Tax; Special Leave Petition

Judgement Text

"DITEM NO.203 COURT NO.1 SECTION IIIA S U P R E M E C O U R T O F I N D I A RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (Civil) No(s).9414/2003 (From the judgement and order dated 24/10/2002 in ITA No. 135/2002 of the HIGH COURT OF KARNATAKA AT BANGALORE) COMMNR. OF INCOME TAX, BELGAUM & ANR. Petitioner(s) VERSUS BIJAPUR DIST. CENTRAL COOP. BANK Respondent(s) (With appln(s) for c/delay in filing SLP and prayer for interim relief and office report )(FOR FINAL DISPOSAL) WITH Special Leave Petition (C) Nos.9415/2003, 9416/2003, 9413/2003, 12196/2003, 12194/2003, 12195/2003, 12132/2003, 13209/2003, 13211/2003, 13212/2003, 13636/2003, 13639/2003 , 13992/2003, 14599/2003, 11872/2003 (With appln.(s) for c/ddlay in filing SLPs and with prayer for interim relief and office report)(FOR FINAL DISPOSAL) Special Leave Petition (C) No.11873/2003, 13381/2003, 13383/2003, 13416/2003 (With prayer for interim relief and office report)(FOR FINAL DISPOSAL) Special Leave Petition (C) No.11874/2003 (With appln.(s) for amendment of cause title and with prayer for interim relief and office report)(FOR FINAL DISPOSAL) Special Leave Petition (C) No.14598/2003 (With appln.(s) for c/delay in filing SLP and exemption from filing O.T. and ex-parte stay and with prayer for interim relief and office report) (FOR FINAL DISPOSAL) Special Leave Petition (C) Nos.18157/2003, 9177/2004, 3271-3272/2004 (With applns. for c/delay in filing/refiling SLP and amendment of cause title and office repor t)(FOR FINAL DISPOSAL) Special Leave Petition (C) Nos.18353/2003, 18355/2003, 18356/2003, 19740/2003, 21181/2003, 211 83/2003, 3256/2004, 3273/2004, 3449/2004, 3253/2004, 3257/2004, 3275/2004, 3291/2004, 5167/2004, 5168/2 004, 5169/2004, 5170/2004, 5171/2004, 5172/2004, 5173/2004, 6578/2004, 6581/2004, 6584/2004, 7622/2 004, 7625/2004, 7629/2004, 7631/2004, 7632/2004, 7633/2004, 7635/2004, 7642/2004, 7644/2004, 9169/2 004, 9170/2004, 9172/2004, 9173/2004, 9174/2004, 9175/2004, 9179/2004, 9181/2004, 9183/2004, 9183/2 004, 9184/2004, 9185/2004, 9761/2004, 13590/2004, 15149/2004, 15151/2004, 15153/2004, 15143/2004, 15146/2004, 15145/2004, 15968/2004, 17353-17355/2004, 17356/2004, 17357/2004, 17359/2004, 18332/2004, 20626/2004, 22404/2004, 4835/2005 S.L.P.(C) No....../2003 (CC 9562) (With appln.(s) for c/delay in filing SLPs. and office report) (FOR FINAL DISPOSAL) ...2/- -2- Special Leave Petition (C) Nos. 11873/2003, 13381/2003, 13383/2003, 13416/2003, (With prayer for interim relief and office report)(FOR FINAL DISPOSAL) Special Leave Petition (C) No.11874/2003 (With appln. for amendment of cause title and with prayer for interim relief and office report)(FOR FINAL DISPOSAL) Special Leave Petition (C) Nos.6579/2004, 6580/2004, 6582/2004, 7628/2004, 15154/2004, (With appln.(s) for c/delay in filing SLP and c/delay in refiling SLP and office report)(FOR F INAL DISPOSAL) Special Leave Petition (C) Nos.9683/2004, 2701/2005, 4987/2005, 4986/2005, 4988/2005, 6510/200 5, 6513/2005, 6515/2005, 7665/2005, 7667/2005,11194/2005 (With office report)(FOR FINAL DISPOSAL) Special Leave Petition (C) Nos. 9685/2004, 9686/2004 (For final disposal) Special Leave Petition (C) No.7411/2003 (With appln. for c/delay in filing SLP) Civil Appeal Nos.6894-6895 of 2002 (With office report) Date: 06/01/2006 These Petitions were called on for hearing today. CORAM : HON’BLE THE CHIEF JUSTICE HON’BLE MR. JUSTICE C.K. THAKKER HON’BLE MR. JUSTICE R.V. RAVEENDRAN For Petitioner(s) Mr. Mohan Parasaran, A.S.G. Mr. Anuvrat Sharma, Adv. Mrs. Varuna Bhandari Gugnani, Adv. Ms. Deeksha Mishra, Adv. Mrs. Swarupa Reddy, Adv. Mr. Anivesh Sharma, Adv. Mr. Raghu Nath Kapur, Adv. Mr. B.V. Balaram Das,Adv. Mr. B. Krishna Prasad, Adv. in CAs.6894-95/02: Ms. Asha Gopalan Nair, Adv. For Respondent(s) Mr. Dhruv Mehta, Adv. Mr. Harshvardhan Jha, Adv. Mr. Yashraj Singh Deora, Adv. Mr. A.A. Kulkarni, Adv. for M/S K.L. Mehta & Co., Advs. Mr. G. Sarangan, Sr.Adv. Mr. Ramesh N. Keswani, Adv. Mr. Sanjay N. Kunur, Adv. Mr. N.N. Keshwani,Adv. Mr. P.R. Ramasesh, Adv. Mr. P.P. Singh, Adv. ...3/- -3- Mr. Chinmoy Khaladkar, Adv. Mr. S.K. Nandy, Adv. Mr. S.V. Deshpande, Adv. Mr. Shivaji M. Jadhav, Adv. Mr. Gopal Jain, Adv. Mrs. Nandini Gore, Adv. Mr. B.V. Balaram Das, Adv. Mr. T.L.V. Iyer, Sr.Adv. Mr. Subramonium Prasad, Adv. Mr. R. Gopal Krishnan, Adv. Mr. S.N. Jha, Adv. Ms. Vanita Bhargava, Adv. UPON hearing counsel the Court made the following O R D E R In Special Leave Petitions: Delay condoned. The applications for amendment of cause title are allowed. The point in issue is squarely covered against the petitioner-Revenue by v arious decisions of this Court, including the latest decision, dated 8th A pril, 2005 in Commissioner of Income Tax, Jalandhar Vs. Nawanshahar Central Coop. Ban k Ltd. (C.A.No.2499/2005) by a Bench of which one of us (Hon’ble C.K.Thakk er, J.) was a member. In this view, the special leave petitions are dismissed. In Civil Appeal Nos.6894-6895/2002: The civil appeals are allowed, in terms of the signed order. No costs. (N. Annapurna) (V.P. Tyagi) Court Master Court Master (Signed order in civil appeal is placed on the file) IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NOS.6894-6895 OF 2002 The Rajasthan State Cooperative Bank Ltd. ...Appellant(s) Versus Commissioner of Income Tax ...Respondent(s) O R D E R The point in issue is squarely covered against the respondent-Revenue by various decisions of this Court, including the latest decision, dated 8th April, 2005, in Commissioner of Income Tax, Jalandhar Vs. Nawanshahar Central Coop. Bank Ltd. (C.A.No.2499/2005) by a Bench of which one of us (Hon’ble C.K.Thakker, J.) was a member. In this view, the civil appeals are allowed. No costs. ........................CJI. (Y.K. SABHARWAL) ............................J . (C.K. THAKKER) ...........................J. (R.V. RAVEENDRAN) New Delhi, January 06, 2006. "