{"id":117942,"date":"2008-09-22T00:00:00","date_gmt":"2008-09-21T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sailesh-v-patel-vs-deputy-commissioner-of-income-tax-on-22-september-2008"},"modified":"2017-08-17T16:48:58","modified_gmt":"2017-08-17T11:18:58","slug":"sailesh-v-patel-vs-deputy-commissioner-of-income-tax-on-22-september-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sailesh-v-patel-vs-deputy-commissioner-of-income-tax-on-22-september-2008","title":{"rendered":"Sailesh V Patel vs Deputy Commissioner Of Income Tax on 22 September, 2008"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">Sailesh V Patel vs Deputy Commissioner Of Income Tax on 22 September, 2008<\/div>\n<div class=\"doc_author\">Author: V.G Sabhahit S.N.Satyanarayana<\/div>\n<pre>IN THE HIGH COURT or KARNATAKA\nCIRCUIT BENCH AT DHARWAD _\nBATED THIS THE 22\"\" DAY or $\u00a7PTEMEEE[\u00a7QQ8E:'\nPRESENT \" H'A ' '  \nTHE HON'BLE MR.Jusr1gE V;G%SABHA\u00a7f\u00a2\ufb01\ufb02 \nTHE HON'BLE MR.JQEEICE'\u00e9{Ef$EiygNAREfANE\nINCOME TAX E\u00e9pEEE}Ec;2\u00a7\u00a75gg\u00a7g\nBETWEEN: V  H\ufb02'VV     V  \n\nSRI sAILEsEwv:9AEEL\nSHIMPPI GALE1,;E; '\nHUBLI MV___\"' .... *~\n' ' . APPELLANT\n\n(Ey sri A sHANEAE;EEDv};.v)\n\nAND :\n\n'E_\u00a7EpuEY.c\u00e9\u00a7MisE:oNEE or xwcoma TAX\n\n'CIECLE.lg{1}\n\nHUBLI '~.*\n'-- =5 RESPONDENT<\/pre>\n<p>E(Ey \u00e9r;&#8217;\ufb01 V SHESHACHALA, ADv.,)<\/p>\n<p>  ._fEIS I.T.A. FII\u00a3E) U\/S. 260A. or THE xwcona<\/p>\n<p>4.&#8217; _EAx. ACT, 1961 ARISING our or ORDER DATED<br \/>\n*\u00a2_19.E2.2oo3 PASSED IN IEE NO. 624fBANG\/2003 FOR<br \/>\n_EnE&lt;.EssEssMENT YEAR 1998-99 PRAYING THAT THIS<br \/>\n E\u00a3.ON&#039;BLE COURT MAY BE PLEASE!) TO FORMULATE THE<br \/>\n&#039;&quot;suEsTANw:AL QUESTION or LAW STATED THEREIN AND<\/p>\n<p>ALLOW THE APPEAL AND SET ASIDE THE ORDER OF THE<br \/>\nTRIBUNAL BEARING ITA NO. 624\/BANG\/2003 DATED<br \/>\n19.12.2003 {DN THE VALIDITY OF ASSESSMENT FOR THE}<br \/>\nASSESSMENT YEAR 3.998-99 ETC.\n<\/p>\n<p>THIS l.T.A. COMING on FOR HEARING enrs tar,<br \/>\nsasnanxr J., DELIVERED was FOLLOWING: &#8221; =Jtra<\/p>\n<p>JUGHENT<\/p>\n<p>This appeal by the assessee is filed being<\/p>\n<p>aggrieved by the order passed by th\u00a2::\ufb01came+tag*e<\/p>\n<p>Appellate Tribunal, Ba\ufb01\u00e9\u00e9lore&#8221;H$\u20acnohVhfE} in<br \/>\nITA.No.624fBanga\/2303 dated ;l\u00a7;l2.i\u00a7O3 &#8220;tor the<br \/>\nassessment year i99s+99-l\u00a2oafl:aing the order<br \/>\npassed by _ the : \u00e9\u00a7maiaai5n\u00a2;7~ sf Income-tax<\/p>\n<p>(Appeals); Hn%li{&#8216;@ho intern had confirmed the<\/p>\n<p>order_passed&#8217;hy_the&#8217;assessin\u00a7 authority, wherein<br \/>\nthe transaotion declared in the regular returns<br \/>\nas cash credit under Section 68 of the Income-<\/p>\n<p>tax Act, l96l}&#8221;l<\/p>\n<p>V&#8217;3},lhe,substantial questions of law arises<\/p>\n<p>for our.determination in this appeal are,<\/p>\n<p>ll) Whether the finding of the Income~Tax<br \/>\nAppellate Tribunal that the sale<br \/>\ntransaction as revealed in the regular<br \/>\nreturns filed are taxable under Section 68<br \/>\nof the Income-tax Act, is perverse or<br \/>\narbitrary for non consideration of the<br \/>\nmaterial fact as to whether the goods that<br \/>\nare sold under the transactions relied<br \/>\nupon by the assesse are the same goods<br \/>\nwhich had been declared under the<br \/>\napplication filed under Voluntary<\/p>\n<p>\\}\/3<\/p>\n<p>Declaration of Income Scheme 1997, whieh<\/p>\n<p>was accepted by the revenue?\n<\/p>\n<p>2) What order?\n<\/p>\n<p>3. The above substantial_qnestionsio\u00a7\u00a21aw 3<\/p>\n<p>have been answered in ITA.No.l86\/EOC4 arising on*ye<\/p>\n<p>identical facts and law decided on 22.9\ufb01gQQs syll<\/p>\n<p>a detailed order pronounced separatelylh:<\/p>\n<p>4. For the reasons Waggigne\ufb01 Lin the said<br \/>\nappeal, ITA.\ufb01ogi35\/Z\ufb01b\u00e9gtwhieh ls senlicable on<br \/>\nall fours toVth\u00e9sfaets*of:t5\u00a7 \ufb01resent case, we<br \/>\nanswer the snbstantiah qnestion of law No.1 in<br \/>\naffirmative \u00e9\ufb01\ufb01,$hbstantial question of law No.2<br \/>\nas per finalorder and ease the following:<\/p>\n<p>sRDER<\/p>\n<p>l&#8221;.Vl&#8221;lhe&#8217;abpeal is allowed. The order passed by<\/p>\n<p>1the;lInoomeFtag Appellate Tribunal, Bangalore<\/p>\n<p>Beneh VF\u00a2&#8217;@&#8217; in lTA.No.624\/Bangalore\/2003 for<\/p>\n<p>&#8216;uassessment year l998&#8211;99 confirming the order<\/p>\n<p>1 passes by the Commissioner of Income~tax Hubli,<\/p>\n<p>&#8220;&#8216;who intern had confirmed the order passed by the<\/p>\n<p>lxVassesss1ng Officer is set aside and the matter<\/p>\n<p>is remitted to the assessing officer for passing<\/p>\n<p>\\;}\u00bb<\/p>\n<p>fresh orders in the light of the observat\ufb02o\ufb01s<\/p>\n<p>made in the body of the order.\n<\/p>\n<p>&#8216;4,f3udge<\/p>\n<p>Nd\/<\/p>\n<p>3d;\u00a7_;j j<br \/>\n  1ud%*&#8217;e     <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court Sailesh V Patel vs Deputy Commissioner Of Income Tax on 22 September, 2008 Author: V.G Sabhahit S.N.Satyanarayana IN THE HIGH COURT or KARNATAKA CIRCUIT BENCH AT DHARWAD _ BATED THIS THE 22&#8243;&#8221; DAY or $\u00a7PTEMEEE[\u00a7QQ8E:&#8217; PRESENT &#8221; H&#8217;A &#8216; &#8216; THE HON&#8217;BLE MR.Jusr1gE V;G%SABHA\u00a7f\u00a2\ufb01\ufb02 THE HON&#8217;BLE MR.JQEEICE&#8217;\u00e9{Ef$EiygNAREfANE INCOME TAX E\u00e9pEEE}Ec;2\u00a7\u00a75gg\u00a7g BETWEEN: V [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-117942","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sailesh V Patel vs Deputy Commissioner Of Income Tax on 22 September, 2008 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/sailesh-v-patel-vs-deputy-commissioner-of-income-tax-on-22-september-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sailesh V Patel vs Deputy Commissioner Of Income Tax on 22 September, 2008 - Free Judgements of Supreme Court &amp; 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