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Karnataka High Court

The Commissioner Of Income Tax vs Mfar Constructions Private Ltd on 7 February, 2011

Bench: N.Kumar, Ravi Malimath

_. 1 _. 
IN THE HIGH COURT OF KARNATAKA AT BANGALORE 

DATED THIS THE 7" DAY OF FEBRUARY 2Q;.j_ . __'§_L-T:  

PRESENT V
THE HC}N'BLE MR. 3us"°m:'é té_a';;<17JMAR 
AND  ' . .

THE HONTSLE MR.JUSTI'-C,fE*RAVi MA'u.Mf':xT'H   M

ITA.V1~;:4r.§];'64;é Os;   

BETWEEN':' .  M

1.

The C_0m4missi0~fiV"e.r of 1nco:ne--tax centra':..V_c'erc:e,w%._ ' C.R.Bui|ci--i.ngv, V _ Que'e:'}s Rea'-dfl, E*i;--§"flQ.*'?.3§l<,:'Tv%€?~ _____ .,. 'E'h.e ;€xss%t:.'C§§rn_missi0ner of Income Tax

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" .C'.-R. Buiiéfiijng', Qaueefls R.=::ad, Bang aép re. ...APPELE._A NTS VA iV3,V.Sesha<:haEa, Advocate) Mfar" Cmsamctéeng gggvate max, E"=£e.8 3515 S& ARES Camwuswdg .m""*"

Lane Opp. To Sony World, 80 Feet Road, Koramanagaia, Bangalore -- see 034. ...RE_S§5CN»i'§vE:i\i;T-'.__._"' _ (By Sri Sfiarthasatathi, Advocate) » This {TA filed under sesritiosh 26be_/ii of I=.'Ti;Ajct.,_"19_i¥61'; praying to formulate the su'o.$tantiai 'q.uesi:ions:. of law stated therein, allow the appeafiandu set 'asii_de thie order passed by the {TAT B;a'fi..gaiore""in".fIT/iithio.299/'Bang/2006 dated 16/03/2007 and C_dnfirm the 'or'die'r~iof the Appellate Commissioner and confirrrnrigi---.t1h;-%:= _o.r'dfe_r. p»__assed by the Assistant Comrnsi.ssioneArV.-- .--o_f}. I'nco_rneV_ Tax",' Circle-12(1), Bangalore. 1 -

rh;'s't'1TA'*'a:¢h§ihg ahror or(i'e'r's": this day, N.KUMAR 3., cieiivered the fo!.i~oy:{i appe'a!...is by: the revenue chaiienging the order ;ias«sed _o§.th4e'--..tribunal that no interest is payable on MAT 2", This question is now settled by the judgment Apex Court in the case of Comrrserciaf of Income ?"a.%<, Chennai vs. Tufsyar; A/EC £.te:f., in CM"! Appeai f;:;as.:as??~?e ar gaze tarhfife it has heen hem that him; 3;; /' _,...

credit under Section 115-JAA is to be exciude_d..VV_w:_fi§Ee calculating the assessee's tax.

2. In that View of the mat:=ter,;'-t!'1éré'[Ti.§ +ii<S- r%§'<é::~i1; this appeai. Accordingly, it issfej§ct:eVd;.V_

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