Commissioner Of Income-Tax vs M/S. Infrastructure Development on 23 July, 2018
Bench: Vineet Kothari , S.Sujatha
1/13
IN THE HIGH COURT ... APPELLANTS
(By Mr. K.V.ARAVIND, ADV.)
AND:
M/S.INFRASTRUCTURE DEVELOPMENT
CORPORATION (KARNATAKA) LTD.,
NO.9/7, KCN BHAVAN, YAMUNA BAI ROAD,
MADHAV NAGAR
Graduate Engineer,
Office of Executive Engineer,
Karnataka State Police
Housing & Infrastructure
Development Corporation Ltd.,
No.4, Sub-Division,
Mysuru ... Operator,
Office of Assistant Executive
Engineer,
Karnataka State Police Housing &
Infrastructure Development
Corporation Ltd.,
No.4, Sub-Division,
Mysuru - 570 011. ... Petitioners
CHIKKAMADEGOWDA
AGED ABOUT 34 YEARS
WORKING AS COMMUNITY DEVELOPMENT
EXPERT/ MANAGER SOCIAL DEVELOPMENT
& INFRASTRUCTURE
DISTRICT URBAN DEVELOPMENT CELL
D C OFFICE, RAMANAGAR ... MAYASHETTY GOWDA
AGED ABOUT 35 YEARS
WORKING AS COMMUNITY DEVELOPMENT EXPERT/
SOCIAL DEVELOPMENT & INFRASTRUCTURE
DISTRICT URBAN DEVELOPMENT CELL
D C OFFICE, MYSORE
ABOUT 59 YEARS
S/O SATTAR KHAN
EXECUTIVE ENGINEER
KARNATAKA RURAL INFRASTRUCTURE
DEVELOPMENT LTD., CHIKKODI
BELGAUM.
2. SMT.RESHMA NOOR AHMED KHAN
W/O NOOR ... appointed as Task Force
Commander on 20.7.1984 in the Karnataka
Infrastructure Rural Infrastructure Development
Limited. Subsequently, he was promoted as Assistant
Director in KRIDL. Presently
SHIVALINGAIAH
S/O MAHALINGAIAH
AGED ABOUT 47 YEARS
MANAGER-SOCIAL DEVELOPMENT
& INFRASTRUCTURE
DUDC, DEPUTY COMMISSIONER'S OFFICE
CHIKMAGALURU-577101
R/O SRIRAMNAGARA BADRA ... TULGARAM
3
AGED ABOUT 52 YEARS
MANAGER-SOCIAL DEVELOPMENT
& INFRASTRUCTURE
DUDC DEPUTY COMMISSIONER'S OFFICE
KOLAR-563101
R/O #36, JALLINAGARA
DAVANAGERE
RAJESWARA. P. N. ADVOCATE)
AND:
1. THE KARNATAKA STATE INDUSTRIAL &
INFRASTRUCTURE DEVELOPMENT
CORPORATION LTD.,
NO.49, 4TH FLOOR, EAST WING
RACE COURSE ROAD
BANGALORE ... MANAGING DIRECTOR
AND DISCIPLINARY AUTHORITY
THE KARNATAKA STATE INDUSTRIAL &
INFRASTRUCTURE DEVELOPMENT
CORPORATION LTD., NO.49, 4TH FLOOR
EAST WING, RACE COURSE ROAD
Commissioner of
Income Tax v. Karnataka Urban Infrastructure and
Development and Finance Corporation [284 ITR 582]
and held that such interest income would ... Karnataka Power
Corporation , ( 247 ITR 268) and CIT v. Karnataka
Urban Infrastructure and Development and
Finance Corporation (284 ITR 582) held that such
interest income
ROAD,
CHIKKAMAGALUR-577 101.
2
4. THE MANAGING DIRECTOR
KARNATAKA RURAL INFRASTRUCTURE
DEVELOPMENT LTD.,
ANANDA RAO CIRCLE,
BENGALURU-560 009.
5. ASSISTANT EXECUTIVE ENGINEER ... that he is a Civil
Contractor engaged by the Karnataka Rural
Infrastructure Development Limited (KRIDL) and on his
service recognition being good, he was provided
COMMISSIONER OF INCOME TAX AND ANOTHER VS.
KARNATAKA URBAN INFRASTRUCTURE DEVELOPMENT
AND FINANCE CORPORATION in ITA No.2418 of 2005
disposed off on 21.02.2006 reported
object of both the
companies is to carry on business of infrastructural
development of land as in the instant case.
16. It is next contended ... being establishment of an
industrial area with infrastructural facilities for
development in the State, notion of the public purpose
is irrelevant under
