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Karnataka High Court

The Commissioner Of Income Tax Cit(A) vs M/S. Jindal Aluminium Ltd on 19 March, 2020

Bench: Alok Aradhe, M.Nagaprasanna

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     IN THE HIGH COURT OF KARNATAKA AT BENGALURU

        DATED THIS THE 19TH DAY OF MARCH 2020

                       PRESENT

         THE HON'BLE MR. JUSTICE ALOK ARADHE

                         AND

       THE HON'BLE MR. JUSTICE M. NAGAPRASANNA

                 I.T.A. NO.23 OF 2013
BETWEEN:

1.     THE COMMISSIONER OF INCOME-TAX CIT(A)
       C.R. BUILDING, QUEENS ROAD
       BANGALORE.

2.   THE ASST. COMMISSIONER OF INCOME-TAX
     CIRCLE-11(5), C.R. BUILDING
     QUEENS ROAD, BANGALORE.
                                  ... APPELLANTS
(BY MR. K.V. ARAVIND, ADV.)

AND:

M/S. JINDAL ALUMINIUM LTD.,
JINDAL NAGAR
TUMKUR ROAD
BANGALORE-560073.
                                        ... RESPONDENT
(BY MS. JINITA CHATTERJEE, ADV., FOR
    MR. S. PARTHASARATHI, ADV.,)
                         ---

     THIS I.T.A. IS FILED UNDER SECTION 260-A OF I.T.
ACT, 1961 ARISING OUT OF ORDER DATED 31.8.2012
PASSED IN ITA NO.1021/BANG/2011, FOR THE ASSESSMENT
YEAR 2004-05, PRAYING TO FORMULATE THE SUBSTANTIAL
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QUESTIONS OF LAW STATED THEREIN. ALLOW THE APPEAL
AND SET ASIDE THE ORDER PASSED BY THE ITAT,
BANGALORE IN ITA NO.1021/BANG/2011 DATED 31/8/2012
AND   CONFIRM   THE   ORDER    OF   THE  APPELLATE
COMMISSIONER CONFIRMING THE ORDER PASSED BY THE
ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-11(5),
BANGALORE, IN THE INTEREST OF JUSTICE AND EQUITY &
ETC.

     THIS I.T.A. COMING ON FOR HEARING,        THIS   DAY,
ALOK ARADHE J., DELIVERED THE FOLLOWING:

                        JUDGMENT

Mr.K.V.Aravind, learned counsel for the revenue. Smt.Jinitha Chatterjee, learned counsel for the respondent.

Appeal is admitted for hearing. With consent of the learned counsel for the parties, the same is heard finally.

2. This appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act', for short) which has been filed by the revenue, was admitted by a Bench of this Court by order dated 03.06.2013 on the following substantial questions of law:

"1. Whether the Tribunal was correct in holding that only the profit making power generating unit of the assessee should be taken into account and not the loss making units in computing the total income of the assessee for its eligible business to allow deduction u/s 80IA of the Act?

2. Whether the Tribunal was correct in holding that the deduction u/s 80IA windmill wise instead of eligible business wise, contrary to the provision of section 80IA(1) and 80IA(5) and without taking in account the fact that generation of energy is one undertaking/enterprise and the windmills are units of the same undertaking/enterprise? "

3. When the matter was taken up today, learned counsel for the respondent submitted that the issue involved in this appeal is squarely covered by an order dated 27.05.2011 passed in the case of COMMISSIONER OF INCOME TAX AND ANOTHER Vs. SWARNAGIRI WIRE INSULATIONS P. LTD. (2012) 349 ITR 245 (KAR).

4. In view of the aforesaid submission, learned counsel for the revenue was unable to dispute the aforesaid legal proposition.

5. Therefore, the substantial questions of law are answered against the revenue.

In the result, the appeal is dismissed.

Sd/-

JUDGE Sd/-

JUDGE RV