Karnataka High Court
The Commr Of Income Tax Bangalore vs L V Sharma on 18 February, 2010
Bench: K.L.Manjunath, B.V.Nagarathna
3% ?§g gzgg GGRT §F KR§§§%K& AT Efiggiagg §%$E§ §§:$ wax §$%§$§ G? ?EgR§§§Y,£§iQ;"«' §§§sE§?w.
$53 EQEESLE §§.§$$@:§% E ;§&§§§§§;§gf§ "
fififi * 'V v<A 3 €32 E§¥'ELE %R$,J§$§Z§E §;?.z ééfigfififig :&$,§,§@&25§é=¢¥u§$$$uHW.7 §§?§EE§:
1 ?gE $§g£E$$E§§ER Q? §§§$EE ?%X§ $.R.E§E§$:§G; §§§E§g_§ag§, gg§$&:§gg;i".g," * «v A 2 f§$'§$§§?%"$§g§:g$:§§§§ a? zficgggw 14v'--V 'v 2 ". .2 ix.' £:R$L2~::{:}*«' fifififii ' &§§E §?§ éfiygfiégg KR?;%§%¥E§§; $$§SEL Ffifi 3%: E ?
'$g§ag§§a;g§ Ffifi ayygnggfifag ""&§ 5~ .§§_§§2, Zfif Eéifi Rfififig ;L %E?E¥fiE fifiififif '=.:g§:§g§g§g§ "$A§§§&fi§Ew3§ §E§?5..'I%§i§§;'5.=';2%~7§"'E* {$33 $331,: 3 § } §§?'§?=} fhig 153%; is Eiiaé {S53 Eéémk éf E;':2§a:'§ 13351, gpxaging ta 311:3;-:9 fifia ,»,%,_§@@aE. arafi sea ,/ <&// Pm} asifie zhfi szfiezs pagsefi' by ifia Efifififiéwffififu §§§€lia§% Tribunal? Ba§gai@re§W~g _i§5V. E?A$§$.2§i§ffi§m§2§$2 éfitfifi 32.E.2$$§ _'gfi& "
ganfirm the arder af the _w&§§e$ia$a fimmmigsimmar aanfiriag th$,~$f§$:Y §géfiafif,y'[ the Assistant Cammzsgianez mi ;:n¢Qm$';EaX__ ginvgg €:::1;2:a§.&-13..}i},? 2v§'a.::::b&i, @223 g§§"g;A.§ agzsggfssgs" mg:
3&3, §=é§.E~§§?§§§%3§.T'E§ 4:3, fig:-,::;: §"a'::§:a:;:2:::»;:?;: V A} Efie :@vafi&% ha$ $w§"g§ fix; :his appeal ahai:@ngin§T tfig :&gé§;t§«-afiéf'aazzaatmegs af aha $§§$§,pas§fi by i%fi'E§gam§ fgx %§peElaté '§::;b1:n3;.2.,, Em %€$u§;§"i6j:€%;§§:££§§§ _ét,2._:;f.72§<§:§ :%"a:;._:gz;z:g the fslifiwiag Subfitgntiai Axqa$g§§$§£_a£*law:
_ :;"%§§$§%§ the §zi§a§a3 wag smrzgfii A f::§e;':_§:;::g that %.:§::a magitimz Q2' "_2§% Qf the azafiizgg as afimitzfié 32$ figagaraé by ihfi &£$@$§a 3h$§2§\ he égiataé as :h@ ggme wauié amégfit ta fifififilé afifiitifig in viaw fif aha ifi$2§§i$fi GE fihagt tam saggtai gaigg withaufi bagifig Saga & aamgiusiam an any gatgzzai ea/_ anfi aamsaqaagtiy r&$$§£a§W"¥§a ¥ parvrsa fififiiag?
%"\:.3 kn...» fiathgx iha ?ri%uaaZ wag ga$r$afi= jg: ha;§;ag= fiha: §&e:[a§§:::§a'g3§fu*"
2§% mi tag Vgr$$ts_'shmg:§{-%§j fieietéég as §§@%: §afm_°$$p§ga; g&3mg ha§,_b§e$~"§§fié& whé$"~E§t% thaga :%g§$_'gw§:é fi§£§§a§éeat inaagg fi§:i%%$'f§§ :§é g§$s&$5ea aa§.*$§th§_§a%%" :§%$§%« ta tag ;g§é§é§é¢§t;§ ¢_7_f§fi§$: tfié §xa$:$g@2$ $f"thg_:fi£$m §&x fiat? 2§ §&§ré.K%%é~ §3azm§é= asugsgi far the "3a" ?§§fi éggfitg ig 13 rggaxé ta fifie a§s§$s§éfi$ yaéz :%$§w§?, ?ha 3§$&$5&$ ig 3 inéivififiéii' Ea hafi fii&§ th& Efitaxm sf :§a$m§ ""=5fi,_ 2§:Z§33§§§ é§fiE&fifi§ $3 immQm& fif ",Rgg?§;?::§». Ea wag wazkimg ag an §3§i$§%fi$ *$§§g§a§ fianager in a gang &n$ latgr mg 'mb§aine§;vaiun:ar§ getirfimfixt :m t&& gaax :§§§ anfi, hfi figfi fifiififié fifig €$fi§3fiy knawa as; (4%/, §:a%m@r$ Rggaarafi amé §§$at$ figfiagaméfii"
Limztefij haifi by fiarshafi fiahta 33% ha tgfififiraé u hig §@$i§fi3iiQfi is afia ggié $§g§:n§ ;m %g:a§f 1§§2 afié gt&r:$& $13 avg %§s§§$ss;#§§§% ééé aama 33$ stglg Qf; §a;:2$1 73§dE §§na§ga Sixfiatuziggf ufiderigx§:§%%i%_#§m;tafi §§m§an ; aha ggwa S§cazi§;§$ é §§fi§§§§ =;t&, Ea batwafin h&f'§a§V.%§£§;:%§%§éfi,;%ii§ fiamamia Fizgazzw E;§.:?£...:'f:é,:§ **:=;:,;:;:;TA'.'i,'L:a:;a:::&Ac;:m Eggs; Eggs *i":;.f§ $m:.§a%itg"~§§g:%a. %a§ 333$ wérgimg aa am §§f:$&:=at §;$f$;.gg§v$&a figfi zgaigfié ifia §a:é_§§§t ia_i%§ yfiafi zaaz, ggziag aha $$§§$€ '$3 a$S§$§m&n:; "fi§% Qf thg ifififififi E: étfiez '$@§:éa_%%$ui$§3uéa§. gafiaxfiingiyf gggeggmext wa$ §®%§igi@§ by Egvying gegaitg fififififi fififltififi "'«_§?: iéégé} Qf aka fiat, Qfiaiiafigimg iifi gamfi, 'aV§%Q '§$$§3§$% Eiééé an agyaaz befgzfi téé "w_§m$m:s3:§n$r cf Efififififi Egx, {§aal§:; 1% Véggami ta ifia afiéztiamag aaumt imaiufiai E? aha éfififififiifig fiffigaz avg: ané akama 25% &3 fiafl im gawk Txe Sgamggsiaaar fiifimififififi tha aygaal, %§aim§t whiah tha aggassea fiigfi ax apgaé %a§@ra aha insane fiax <§§$l:$§§\ ?xib%nai» Eha fzgfianai ailmwgfi th§_g§§ég: mfiuV the grgfixé tag: :: &%Qua$$[$m_fi§§§;§_§§§;§:Q&§f kmggxfiimglyg ifia :§i$§4wa§_§ragt¢£¢,V §§:n§'V aggrigvgfi fig tie gama, tEa ravafiu§'§§3V§$&& i? this aygeaza ég 3Vifi§ §$&:§_ §hé "aQ§§£%l far :%a $a:ti§§3.'i§éWf$i$pt;§= is gmly' ga ragazfi, 3% :n$:§3i§g_§f égztaiafgmmmnt ix a§§it:$m ta 2$% dfiggafifid b§u_ tfifi agggsgefi, fifiathez tha »:§&;u$:$a "wg$ zgaiiy rgquirgé, GE aéfi :3 a §§§$%i§$fl_$§' fgat wkiai ghaaifi fiava fieaa vgfiifiéd fig the fifififififiifig fifificax by &R&§§ifi§ " 2fé:';Q:*§$ gzzfi d£:.e:'::::::@:":£.$ :19 $2 gzcaéfigaaé $3? %fi&"a5§a§3@§& Sn garaggl mi ififi Qffifif §§fi$%fi wéy t§a fifiagfiiag a§fi§§:'afi§ the fiammiggianefi mf Eaaamfi fiax ggggagigé am&T $fi 3:33 fifi& .4 av': ' .:.,x;,_ E' -
fxgbanag, Wfi arg $5 ixa §§¢£¢Qfi :§&a 3% yzggex ii @mqu:r§ :5 mafifiuazaé by aha éggegfiing Qffiifiéi in azfiax ta add any exaafis $5 25% figclgiéfi by tfifi a§$a3$§%¢ fihezafare, we 3r@ ®ffé&&.@fi$w tfia; witfieuie angw§rin§' aha :§a§$:ifi§$ "$52 lafix raigad in figs a§&a:§ $§ $fifi:i§§_aa:£& ski the Qrfirs, tha mattgz has i§'%§,§§§$§gfi £§°L tha éfigfififiifig Qffifiafi fig: fxaghvfiafiaifiarafiimfi hy Ewing Qpgwrtunfity5:§i:§g §$s§s$@@, §* ¥iih_:&& %%a§ $b$a$%g:i§§§ aha agggai ig aiiswgfi gfifi age aattar ia zamaméafi is the &£s@$£i:§ §§§i$@x;¢j V SQ},/I"
..... RED 3&-
EUBGE