Assistant Commissioner of Income tax, Bangalore V. M/s Karnataka State Co.operative Apex Bank Ltd, Bangalore

MA 40/BANG/2016

• Counselvise Citation: [2016] 124 COUNSELVISE.COM (IT) 4394 (ITAT-BANGALORE)
• Duration Of Justice: 29 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 03-06-2016
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2009-2010
• Appeal Filed On: 05-05-2016
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: BHARATH L CS

Judgement Text

MP.40/BANG/2016 PAGE - 1 IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH 'B', BANGALORE BEFORE SHRI. ABRAHAM P. GEORGE, ACCOUNTANT MEMBER AND SHRI. VIJAYPAL RAO, JUDICIAL MEMBER MISC.PETITION NO.40/BANG/2016 (IN I.T.A NO.891/BANG/2013) (ASSESSMENT YEAR : 2009-10) ASST. COMMISSIONER OF INCOME TAX, CIRCLE -5(2)(1), BENGALURU .. APPLICANT V. M/S. KARNATAKA STATE CO-OP APEX BANK LTD, UTHUNG, NO.1, PAMPA MAHAKAVI ROAD, CHAMRAJAPET, BENGALURU 560 018 .. RESPONDENT PAN : AABAT0269J ASSESSEE BY : SHRI. BHARATH L, CS REVENUE BY : DR. P. K. SRIHARI, ADDL. CIT HEARD ON : 03.06.2016 PRONOUNCED ON : 03 .06.2016 O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER : THROUGH THIS MISCELLANEOUS PETITION, REVENUE STATE S THAT THIS TRIBUNAL IN FIRST PARA OF THE ORDER HAD INCORRECTLY MENTIONED THE DATE OF CIT (A)S ORDER AS 27.03.2003, AGAINST 27.03.2013. MP.40/BANG/2016 PAGE - 2 02. WE FIND THAT THE MISTAKE POINTED OUT BY THE REV ENUE IS CORRECT. FIRST PARA OF THE ORDER SHALL BE READ AS UNDER : THE REVENUE IS IN APPEAL BEFORE US AGAINST THE ORD ER OF CIT (A)-II, BANGALORE, DT 27/03/2013, PASSED FOR A. Y. 2009-10. IN THE FIRST FOLD OF GRIEVANCE, REVENUE HAS PLEADED TH AT CIT (A) HAS ERRED IN DELETING THE ADDITION OF RS.4,45,00,00 0/-. 03. IN THE RESULT, MP FILED BY REVENUE IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 03.06.2016. SD/- SD/- (VIJAY PAL RAO) (ABRA HAM P GEORGE) JUDICIAL MEMBER ACCOUNTANT MEMBER